I heard from my loan officer Thursday that between the lenders marking zip codes as "declining market," and Fannie Mae/Freddie Mac doing the same thing, and appraisers noting it more and more as well, nearly all markets in the Twin Cities have been marked as a declining market or are likely to be hit by it soon. In nearly all circumstances, this means that a 0% down buyer will need 5% down and a 5% down buyer will need 10% down. For anyone with 10% down or more there is no change. FHA loans in many … [Read more...]