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REALTORS® of South Central Kansas News

Fannie Raises DTI, Tackles Student Debt

Friday, June 16 2017 10:15 AM
Categorized In REALTORS®

Fannie Mae is increasing its maximum debt-to-income ratio to 50 percent from 45 percent and last month eased underwriting for borrowers carrying heavy student loan debt. The changes will help more households obtain financing to buy a home and are explained in an NAR video with Fannie Mae Vice President Jonathan Lawless.         

Credit Issues Still Impede Homeownership

Friday, June 16 2017 10:14 AM
Categorized In REALTORS®

Tight credit and tight inventory are among the reasons the national homeownership rate remains down despite the growing economy. NAR convened experts at a homeownership summit last week at the University of California at Berkeley to identify causes and explore solutions. Read coverage