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FHA revises how to calculate student loans for DTI
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Banking, Consumer Protection, Investor Protections, Legislation
Friday, April 15, 2016
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The Federal Housing Administration has revised its guidance on student loan payment calculations in a Mortgagee Letter titled “Student Loans.” The letter provides revised guidance for mortgagees when calculating student loan obligations for use in a borrower’s debt-to-income ratio calculation. Read on to learn more.
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