Return of 20% Home Down Payments Looms

The Street reports:

Hopeful homebuyers may soon need to shell out more money upfront before being approved for a mortgage.

The public comment period concludes Monday for potential mortgage-related provisions spawned by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Among the potential outcomes is that homebuyers could be required to front a higher down payment -- as much as 20% -- before they can legally qualify for a mortgage loan.

We'll believe it , when we see it. Powerful forces in Congress have learned nothing from massive leverage.