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Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

1, 2023, with the regulator saying the DTI charges wouldn’t affect any loans purchased by Fannie Mae or Freddie Mac in 2023. Mortgage industry trade groups such as the MBA say the new deadline helps, but it doesn’t fix an unworkable problem that represents both a logistical nightmare and also confusion to the customer.

Logistics 414
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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

Here are a couple of things to hold in mind when considering a vacation home purchase: Property taxes are going to be surprisingly high — in most states, a property owner can claim a single residence as their “homestead property,” or what the state considers their primary residence.