Fannie Mae Will Ease Financial Standards for Mortgage Applicants Next Month
Washington Post, June 6, 2017–Kenneth R. Harney
The country’s largest source of mortgage money, Fannie Mae, soon plans to ease its debt-to-income requirements, potentially opening the door to home-purchase mortgages for large numbers of new buyers. Fannie will be raising its DTI ceiling from the current 45 percent to 50 percent as of July 29.
