Freddie Mac updates student loan repayment calculations. Student loans in active repayment requires the lender to use the greater of: • The monthly payment on the credit, or • 0.5% of the original loan balance or outstanding balance as reported on the credit report, whichever is greater

Rule Synopsis: [tweet-start]Freddie Mac updates how they calculate Student loan payments when qualifying for a mortgage. Call me 1st for details. [tweet-end] Freddie Mac makes changes to their selling guide. The topics in this bulletin that Mortgage Currentcy™ will cover are as follows: Calculating the DTI Student Loan Debt Requirements have changed Contingent Liability Requirements […]

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