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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/hi-crackd-surprised-by-this-answer-dave-im-31105119.aspx

Subject:  Re: Current Underwriting Standards? Date:  2/6/2014  1:14 PM
Author:  Dwdonhoff Number:  126793 of 127815

Hi Crackd,

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.

Dave Donhoff
Leverage Planner
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