A Big Mortgage Change Happened This Weekend: Should You Care?

[Banjo]

Saving up to buy a home might not be as much of a challenge as it used to be, now that the Federal Housing Finance Agency (FHFA) will allow some first-time homebuyers to make down payments of as little as 3%

http://finance.yahoo.com/news/big-mortgage-change-happened-weekend-120039626.html

 

[wheaties]

Next they will do away with the employment check....
Then it will be 2008 again....
And everyone will point fingers and sue each other
And I'll buy another house.

Does anyone not see this coming?