Student Loan Payments To Affect Americans’ Homebuying Power

Student Loan Payments To Affect Americans’ Homebuying Power

ByTMN Editor Reading Time: 2 minutes

Student loan payments are set to resume this October, giving Americans yet another monthly bill to stress about, and the impact is expected to set in early. “It’s going to quickly reverse all the progress that was made during the repayment pause, especially for those who took out new debt in mortgages or auto loans…

Industry Reacts To FHFA’s DTI Rule Change

Industry Reacts To FHFA’s DTI Rule Change

ByTMN Editor Reading Time: 2 minutes

The Federal Housing Finance Agency has rescinded a rule changing upfront fees based on borrowers’ debt-to-income ratios. If it had gone through, the policy would have created an adjustment for DTIs higher than 40% that Fannie Mae and Freddie Mac would acquire. Back in March, the agency delayed the implementation of these fees to talk…

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