It Just Got Easier for Millions of Homebuyers to Get a Mortgage Tracy Elsen / Aug 1, 2017 / Considering Two big changes from major players in the united states real estate market just made it easier for millions of Americans to qualify for a mortgage.
July 28, 2017 02:29 PM Great news homebuyers, it is now easier to qualify for a Fannie mae conventional mortgage. effective july 29 Fannie Mae has made changes to their automated underwriting engine.
Advertiser Disclosure. Articles, Mortgage It’s Now Easier for Millions of student loan borrowers to Get a Mortgage. Monday, July 31, 2017. Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution.
Fannie Mae is rolling out a series of new mortgage rules that will make it easier for African-Americans, Latinos and others to qualify for home loans. Under recently announced guidelines, starting in 2016 Fannie Mae will require mortgage lenders to take into account non-traditional credit data from potential homebuyers, such as a person’s.
Fannie Mae makes it easier to get a mortgage despite student debt fannie mae last week announced three small steps it is taking to make it easier for people with education loans to get or.
· Getting a mortgage while drowning in student loan debt can be difficult. A new rule from Fannie Mae will make it easier for borrowers in debt to qualify. If.
Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with student loan debt.
Published on Jun 12, 2017 NMLS 227887 541.284.8032 email@example.com Fannie Mae just announced some big changes that will make it easier for more borrowers to qualify for a home loan.
But the July 29th release of Fannie Mae’s Desktop Underwriter makes it possible for many applicants who didn’t qualify before to now qualify because of an updated risk assessment that allows for higher debt-to-income ratios. Under DU Version 10.1 release, Fannie Mae increased its maximum allowable DTI ratio to 50%.
Lender Survey: Mortgage Standards Easing Up Fresh findings from Fannie Mae’s third quarter 2017 Mortgage Lender. Alternatively, Fannie Mae made it easier to qualify for a mortgage by raising its.