Larger downpayments mean nothing if a home is overvalued

The fallout from the 2008 mortgage crisis, prompted regulators to search high and low for solutions to their most pressing questions. But by 2010, their findings – which led to the creation of the Dodd-Frank Act – had already become blurred by pre-conceived notions about the role of risky, low downpayments in the underwriting process. …read more