Mike Fratantoni is the Chief Economist and Senior Vice President of Research & Technology at the Mortgage Bankers Association. Fratantoni has had nearly twenty years of industry experience including risk management and senior economist positions at Washington Mutual and Fannie Mae.
There is no question that the government remains a larger force in the housing market and is focused on protecting consumers. However recent actions by FHA, the Department of Justice and the Consumer Financial Protection Bureau are more likely to constrain rather than expand the availability of credit.
Brickman takes to helm of one of the largest mortgage companies in the U.S. today, and while times at the government-sponsored enterprise are filled with uncertainty, Brickman sees nothing but excitement for the future of Freddie Mac.
When buying a home, many Americans consider a 20% down payment to be the norm, the ideal amount of money to put down to get a conventional mortgage with no private mortgage insurance and to keep monthly payments reasonably affordable.