Fannie Mae to ease lending standards: What's that mean for homebuyers?

  • To get 50 percent DTI you must have very high credit scores and cash reserves after closing.

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On July 29, Fannie Mae will activate an update to “Desktop Underwriter,” the software that analyzes borrower applications and grants approval — “DU” in shorthand spoken with reverence or disgust throughout the industry. This update will make it easier for us to approve loans.