WASHINGTON—The Federal Housing Finance Agency (FHFA) has delayed the effective date of the debt-to-income (DTI) ratio-based fee by three months to Aug. 1.
The FHFA stated it had received feedback from the industry about the operational challenges of implementing the fee changes.
The FHFA has been working to update the government-sponsored enterprises’ (GSEs) – Fannie Mae and Freddie Mac – single-family guarantee fee pricing framework, focusing on upfront fees. In January, the agency released redesigned and recalibrated grids for upfront fees, as well as a new upfront fee for certain borrowers with a DTI ratio above 40%, NAFCU noted.
According to FHFA Director Sandra Thompson announced, the delay will give lenders more time to implement the fee. In addition, lenders will not be subject to post-purchase price adjustments related to this DTI ratio-based fee for loans acquired by the GSEs between Aug. 1 and Dec. 31.
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