Items Tagged with 'debt to income'


  • Fannie Mae prepares for DU update after flood of high DTI mortgages in Q4

    Adjusts credit risk assessment to limit risk layering
    Fannie Mae is currently preparing to update its Desktop Underwriter to its newest version, 10.2, after seeing an increase in high debt-to-income mortgages in 2017's fourth quarter. The company announced that after assessing the profile of loans delivered since the DU 10.1 changes went into effect, it is fine-tuning DU’s risk assessment to limit risk layering.
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  • MI companies creating new standard for over 45% DTI mortgages

    More companies prepare to raise standards
    More mortgage insurance companies continue to fight against mortgages with debt-to-income ratios of 45% to 50% as they prepare to raise their standards. Last week, HousingWire outlined plans from MGIC and Genworth to increase their standards on high DTI loans, but as it turns out, that was just the tip of the iceberg.
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  • Mortgage insurance companies push back against 50% DTI

    Increase credit score requirements
    Last year, the GSEs announced they were increasing their debt-to-income ratio to 50%, a move that mortgage insurance companies are starting to fight back against. "We are concerned with the recent increase of loans that have debt-to-income ratios exceeding 45%, particularly when combined with weaker credit profiles," one MI company explained.
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  • Countdown: the top 10 stories of the year (5,6)

    Here’s what our readers were most interested in
    We’re getting closer to the year’s top story, but first, let’s look at the ones that almost made it. While the year’s top 5th and 6th stories may have been popular reads, the stories they told struck controversy among the housing industry.
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