Bank of America's CEO has a plan for millennials to buy homes

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Weekend Roundup Bank of America CEO Has a Plan for Millennials to Buy Homes Mortgage lending standards have tightened since the housing bubble and financial crisis nearly a decade ago. Home ownership is down despite the fact that home prices have fallen to pre-crisis levels. This suggests that the cost and requirements for securing a mortgage are stopping many potential buyers. Bank of America CEO Brian Moynihan told CNBC that looser regulations, such as a lower down payment, could make it easier for millennials to buy homes in the years in which they form families. "Our goal, going back to regulatory reform, is should you move the down payment requirement from 20% to 10%? Wouldn't introduce that much risk but would actually help a lot of mortgages get done," Moynihan told CNBC's Kelly Evans. Business Insider's Akin Oyedele has has the full story. 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