TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1187758
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.