Home Lending in Flux
UExpress, June 3, 2016–Sichelman, Lew
Fannie Mae will push the “start” button on an automated underwriting program that doesn’t require credit scores. This move will make it easier for millions of so-called “thin file” people to qualify for a home loan. But just a few days later, FHA will begin counting payments on student loans as part of a borrower’s debt load–effectively knocking many buyers out of the running for government financing.
