Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…
The inspector general of the Federal Housing Finance Agency voiced concerns about the agency’s supervision of Fannie Mae and Freddie Mac, while lawmakers questioned why new products like the Integrated Mortgage Insurance (IMAGIN) credit risk-transfer program were implemented without going through the proper channels.