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Good News You Can Use! DU is Loosening Guidelines

Fannie Mae is loosening guidelines! On July 29th!

• Debt to Income Ratios are going to be allowed up to 50% DTI (Current Hard Limit is 45%) – that means more approvals!
• Increase in the number of self-employed borrowers approved with only 1 years tax returns
• Decrease in the number of loans requiring Consumer Dispute Resolution