June 13, 2017

Fannie Mae to lower Consumer Financial requirements in July

The top reason mortgage applicants nationwide get rejected is because they’re carrying too much debt relative to their monthly incomes. Fannie Mae will be raising its DTI ceiling from the current 45 percent to 50 percent as of July 29.   Fannie Mae and the Federal Reserve are engaging in the exact same practices that resulted …

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U.S. Supreme Court Holds Debt Purchaser Collecting Its Own Debt Is Not Subject to FDCPA

For a PDF of this decision click download here: Henson v. Santander SCOTUS 2017 The US Supreme Court ruled that a purchaser of a defaulted debt who then seeks to collect the debt for itself is not a “debt collector” subject to the federal Fair Debt Collection Practices Act. The issue before the Court was …

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