Federal Housing Finance Agency Rescinds Upfront Fees on DTI Ratios for Loans

FHFA had previously noted in March that it would delay implementing the controversial fees in order to hear and attempt to better understand the concerns of stakeholders in the industry. File photo: Andriy Blokhin, Shutter Stock, licensed.

WASHINGTON D.C. – The Federal Housing Finance Agency (FHFA) announced on Wednesday that they have rescinded the upfront fees for loans acquired by Fannie Mae and Freddie Mac that are based on borrowers’ debt-to-income (DTI) ratios, a decision that was considered by many as a major win for the mortgage industry.  FHFA had previously noted in March […]