FHA Closes Loophole for Student Debt in Revamped Lender Handbook

Posted by Krista Sabol on Nov 20, 2015 in FHA, FHA/VA The sweeping overhaul of the Federal Housing Administration’s single-family handbook offers lenders long-sought clarity on acceptable underwriting practices. But that added certainty comes at the expense of flexibility to get loans qualified, including a popular workaround for borrowers with deferred student loan debt. “It tightens certain underwriting guidelines that were on the...
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