MReport December 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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Page 28 of 67

M R EP O RT | 27 FEATURE A recent article in a major publication expresses alarm that Fannie Mae, Freddie Mac, and FHA have dramatically expanded their exposure to "risky"— essentially high DTI—mortgages that borrowers might not be able to repay in a downturn. Some who read the article note, however, that there is no real discussion of what the default risks might actually be considering the protections under the ATR/QM Rule and other relevant underwriting factors.

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