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#1307801 - 12/16/09 09:36 PM Housing Ratio
BBLeroy Offline
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Joined: Jun 2009
Posts: 4
Is the Housing Ratio figured by using a 2nd MTG payment also if applicable?

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Lending Compliance
#1307849 - 12/16/09 10:09 PM Re: Housing Ratio BBLeroy
Sinatra Fan Offline
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Joined: Jul 2002
Posts: 5,568
New Jersey
I would venture to guess that most lenders, investors include ALL housing related payments in the housing ratio, including any 2nd mortgages. HAMP guidelines, for some inexplicable reason, do NOT include them in the housing ratio.
Management is doing things right; leadership is doing the right things. Peter Drucker

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#1307890 - 12/16/09 11:01 PM Re: Housing Ratio Sinatra Fan
RolTyde Offline
Joined: Nov 2008
Posts: 78
Anywhere but here
2nd mtg payment would be included along with homeowner's insurance, property taxes, flood insurance, and home owner's association fees (if all are applicable).

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