Regulator ends debt-ratio standard for mortgage approvals | L.A. Focus News

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Regulator ends debt-ratio standard for mortgage approvals | L.A. Focus News

From the earliest days of mortgage loan approval standards, first and foremost, it had to be the math. Did the totals of your house payment and monthly recurring bills divided by your total monthly income stay at or under a specific debt-to-income ratio, or DTI? If your numbers checked out, you were one step closer […]

Source: La Focus Newspaper

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