Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
As supplemental information to FIL-76-2007 on the interagency "Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages," the FDIC, the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) encourage servicers to consider the borrower's ability to repay modified obligations, taking into account the borrower's total monthly housing-related payments as a percentage of the borrower's gross monthly income (referred to as the debt- to-income or "DTI" ratio). Attention should also be given to the borrower's other obligations and resources, as well as additional factors that could affect the borrower's capacity to repay. DTI ratios exceeding 50 percent will increase the likelihood of future difficulties in repayment and delinquencies or defaults.
Content Notes:
Supplement to FIL-76-2007
Subject:
[+]
Lending / Investments
Dataset Download URL:
https://www.fdic.gov/news/inactive-financial-institution-letters/2007/fil07077.pdf
Format:
PDF
Release Date:
09/04/2007
Update Date:
09/04/2007
Withdrawn Date:
11/17/2021
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Beverlea S. Gardner;Suzanne L. Clair;
Other Institutions Involved:
Conference of State Bank Supervisors (CSBS);American Association pf Residential Mortgage Regulators (AARMR);
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings)
FIL Number:
FIL-77-2007
Main Document Checksum:
[+]
urn:sha256:461af5ca8fdff3195f113595ec9fa639c02891ec601628c8a48f357d1abe9551
Download URL:
https://archive.fdic.gov/view/fdic/8796/fdic_8796_DS1.pdf
File Type:

Supporting Files

• No Additional Files

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