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HPC Statement on FHFA’s Rescission of Enterprise Upfront Fees Based on DTI Ratio

FOR IMMEDIATE RELEASE: May 10, 2023


Washington, D.C. – The Housing Policy Council (HPC) issued the following statement today in response to FHFA’s announcement that it has rescinded the upfront fees based on borrowers’ DTI ratios for loans acquired by Fannie Mae and Freddie Mac.


“The Housing Policy Council and its members applaud today’s action by FHFA Director Sandra Thompson rescinding the DTI element in the single-family pricing framework. As we noted in our April letter to FHFA requesting that this element be removed from the framework, including a debt-to-income (DTI) adjuster as a core component of the new pricing matrices created borrower risk and was operationally infeasible.


This announcement reveals a willingness by FHFA to consider relevant feedback on its actions. HPC looks forward to reviewing the forthcoming Request for Input on the process for setting guarantee fees.”


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About HPC

The Housing Policy Council is a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard, and title insurers; and technology and data companies. Our interest is in the safety and soundness of the housing finance system, the equitable and consistent regulatory treatment of all market participants, and the promotion of lending practices that create sustainable homeownership opportunities in support of vibrant communities and long-term wealth-building for families. For more information, visit www.housingpolicycouncil.org


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