Skip to main content

Search form

FHFA drops debt-to-income based pricing adjustment

Wednesday, May 10, 2023
Brad Finkelstein | National Mortgage News
Michael Calhoun

Using DTI "can unfairly penalize lower-wealth but purchase-ready Black and Latino borrowers, which perpetuates the racial homeownership gap," according to a statement from Mike Calhoun, president of the Center for Responsible Lending. "We look forward to providing input to the agency on a process for setting single-family guarantee fees that will help eliminate barriers that prevent low-wealth borrowers from purchasing a home, while ensuring the housing Enterprises remain appropriately capitalized."