it's about time Fannie went to a max 45% DTI

I must have gotten 30 emails today about hurry and get your loan in before Dec 4 because Fannie Mae’s DU version 8.0 that release on Dec. 12 will allow a max DTI of 45%. Gee with Fannie, Freddie and FHA bleeding the way they are it’s about time they tightened those ridiculous standards. Why should they allow more than 45%, why would anyone want to spend more than 45% of their gross income on housing and other structured payments.

-sunil

SUNIL SETHI REAL ESTATE
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CA DRE#: 01173766