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Home » Store » Other Non-Mortgage Regulation » Fannie Loosens Underwriting on Student Loan Debt; Next Up: Tackling Downpayment Problems

Fannie Loosens Underwriting on Student Loan Debt; Next Up: Tackling Downpayment Problems

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Other Non-Mortgage Regulation

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Fannie Mae late last month loosened its underwriting guidelines for borrowers with student loan and other types of debt, and is currently working on pilot programs aimed at helping consumers amass a downpayment. In an interview with Inside MBS & ABS this week, Fannie Vice President of Product Development and Affordable Housing Jonathan Lawless said the government-sponsored enterprise has “more to come” on loosening guidelines. Although he could not provide much in the way of detail, he said...
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