Following the lead of two of its peers, another mortgage insurance company has released more restrictive requirements for loans with high debt-to-income ratios.
Last month, Mortgage Guaranty Insurance Corp. issued MGIC Bulletin 01-2018 requiring higher credit scores on loans with DTI ratios in excess of 45 percent.
Later in January, Radian Guaranty Inc. released eBulletin #2018-1 indicating that it would limit loan-to-value ratios and FICO scores on loans with DTI ratios of more than 45 percent.
Source: Mortgage Daily
