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Personal Finances / Buying or Selling a Home
|Subject: Re: Current Underwriting Standards?||Date: 2/6/2014 1:14 PM|
|Author: Dwdonhoff||Number: 126793 of 127932|
Surprised by this answer Dave. I'm working with the understanding that Fannie / Fredie guidelines for a QM (Quality Mortgage) has a hard stop back end ratio of 43%.
NO... YOU ARE ABSOLUTELY CORRECT!!!!!
I could claim phat-phinger typos, or lack of coffee, or both... but I just wasn't paying detailed attention in my response... sorry, and good catch.
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