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The New Technology Mix in Mortgage – According to a Fannie Mae survey, some of the major areas of AI or machine learning (ML) application to the mortgage industry.
Fannie Mae Taking a Closer Look at Applicants’ Credit Card Payments – If you feel like you’ve been managing your debt just fine, making the minimum payment on your credit cards on time every month, you might want to change your ways before applying for a home loan..
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Shutdown prompts Fannie Mae to tweak lender requirements – The new policy is aimed at government employees who might be applying for loans, but whose agencies are closed while political leaders clash over how to fund federal programs. In addition to waiving.
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Fannie Mae will ease financial standards for mortgage applicants next. – Fannie Mae will be raising its DTI ceiling from the current 45 percent to 50. Fannie Mae, soon plans to ease its debt-to-income (DTI) requirements, have exemptions allowing them to buy or insure loans with higher ratios.
Fannie Mae, the leading provider of mortgage financing in the U.S., is relaxing its debt-to-income ratio requirements to give more potential.
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