Real Estate, Lending Industries Praise Decision To Rescind Upfront Fees Based on DTI Ratio
May 11, 2023WASHINGTON—The Federal Housing Finance Agency announced on May 10 that it had rescinded the upfront fees based on borrowers' Debt to Income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. FHFA had announced in March it would delay implementation in order to engage with industry stakeholders and better understand their concerns. “I…
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