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Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127684  
Subject: Re: Current Underwriting Standards? Date: 2/6/2014 1:14 PM
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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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