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FHFA rescinds controversial debt-to-ratio fee change for home loans

By Jason Nguyen
Published in Loans
May 13, 2023
1 min read
FHFA rescinds controversial debt-to-ratio fee change for home loans

I read this really interesting article about home loans and how the FHFA rescinded a controversial debt-to-ratio fee change. Basically, this fee would have made it harder for people to get approved for a home loan if they had a high amount of debt compared to their income. It was supposed to help protect lenders from risk, but it also made it tough for a lot of people to buy a house.

Personally, I think this is a good move. When I bought my first home, I was just starting out in my career and had a lot of student loan debt. Even though I had a good income, the debt-to-ratio fee made it really hard to get approved for a loan. It was frustrating because I felt like I was being punished for trying to better myself through education.

But now that this fee is no longer in place, it should be easier for more people to buy a home, regardless of their debt-to-income ratio. This is especially important given how competitive the housing market is right now. Plus, homeownership can be really beneficial for building wealth and stability over time.

Overall, I think it’s great that the FHFA has rescinded this fee change. It shows that they’re willing to listen to feedback and make adjustments that benefit a wider group of people.


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Jason Nguyen

Jason Nguyen

Freelance Journalist

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