Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FHFA delays start of upfront DTI ratio fee
The Federal Housing Finance Agency on Wednesday announced it has delayed until August 1, 2023, the effective date of the debt-to-income (DTI) ratio fee announced in January, to ensure a level playing field for all lenders to have sufficient time to deploy the fee. In addition, lenders will not be subject to post-purchase price adjustments related to this DTI ratio-based fee for loans acquired by the Enterprises (Fannie Mae and Freddie Mac) between August 1, 2023, and December 31, 2023.
Since the January announcement, FHFA has received feedback from mortgage industry stakeholders about the operational challenges of implementing the DTI ratio-based fee, which will apply to certain borrowers with a DTI ratio above 40 percent.
print
share