Why Have Lenders Changed Underwriting Standards?
The mortgage interest rate—it has repeatedly been reported—is at a record low and purchase loan application data indicates tremendous demand for home buying, according to…
Category: DTI
DTI’s Ties to Default Rates
The FHA has signaled that it may tighten credit, noting that the debt-to-income (DTI) ratio for FHA-insured loans has been consistently increasing for six years.…