News

DTIs > 45%: New Requirements

Announcement 2018-1

Given the recent increase in loans with DTIs greater than 45% combined with lower credit profiles, we have re-evaluated our underwriting requirements. 

Effective with mortgage insurance applications received on or after March 19, 2018, a representative credit score of 700 or greater will be required for loans with DTIs exceeding 45%. 

Announcement 2018-1