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Kelsey Ramirez

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Fannie Mae Increasing Debt-to-Income Ratio to Expand Mortgage Lending

Posted by Kelsey Ramirez

Jun 14, 2017 11:06:30 AM

This article was originally published on HousingWire by Kelsey Ramirez. 

Fannie Mae announced it is increasing debt-to-income ratio, the No. 1 reason that mortgage lending applicants get rejected, according to an article by Kenneth Harney for The Washington Post .

The largest population rejected due to high DTI ratios is Millennial borrowers, who often stretch to pay their rent early in their careers, according to

the article.

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Topics: Mortgage Lending, fannie mae

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