Fannie Mae has increased the maximum allowable debt-to-income ratio on loans eligible for its purchase to 50%. Interestingly, the higher threshold for DTI ratios is accompanied by other guidelines that can lower them.In this regard, Fannie Mae has recently issued a clarification regarding Read more
Fannie Mae Rolls Out Changes to DTI, ARM LTV and More in Latest DU®
Late May, Fannie Mae announced changes to its automated tool used by lenders to assess mortgage applications called the Desktop Underwriter®. Fannie Mae’s DU® 10.1 will contain an update to its risk assessment and incorporate a higher maximum allowable debt-to-income ratio, among other changes. Read more
