Fannie has issued a DTI update! Last year they announced acceptable DTI’s of 50%. Now, the requirements are being updated to add risk layering, which means not as many people will qualify, so contact me 1st on high-DTI borrowers.
Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes – DU Version 10.2 – Dated January 30, 2018 – Effective March 17, 2018 [Updated MTP-Fannie Mae HomeStyle® Renovation Mortgage] By: Lloyd Rutherford – Staff Writer There are Very Important Changes in this update and it is a MUST READ! This update requires action on your part […]