Dodd-Frank

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 preconceived notions about the role of low downpayments in the underwriting process.