Federal Housing Finance Agency to impose new fee on borrowers with higher debt-to-income ratios
Beginning Aug. 1, borrowers with a higher debt-to-income ratio may face a new fee imposed by the Federal Housing Finance Agency, which regulates lending organizations such as Fannie Mae and Freddie Mac.
According to a report by the National Association of Realtors, individuals with a 40% debt-to-income ratio will be impacted by the fee.
NAR also reported that FHFA directed Fannie Mae and Freddie Mac to adjust their loan level pricing adjustments, upfront fees charged to individual borrowers based on factors including credit score and down payment. The adjustment increased fees on some stronger credit borrowers. This change went into effect on May 1.
Blackstream | Christie’s International Real Estate welcomes Marchant Bateman & Co. to Greenville office
Blackstream | Christie’s International Real Estate welcomed the Marchant Bateman & Co. team to its Greenville office.
The team is led by brokers Tom Marchant and Kendall Bateman.
Marchant has 18 years of experience as a Realtor with Marchant Real Estate.
“We are thrilled to welcome Tom, Kendall and the entire Marchant Bateman team to our Greenville office,” said Blackstream | Christie’s International Real Estate Chief Operations Officer Christine Brodsky. “Their commitment to excellence, combined with the resources and international reach of our organization, will ensure an unparalleled level of service for clients in the Upstate region and beyond.”
Lilly Brumbaugh joined Berkshire Hathaway HomeServices C. Dan Joyner Realtors as a sales associate in the company’s Anderson office.
She worked in secondary education teaching business and marketing to high school students.
Brumbaugh is a graduate of Radford University.
Matthew McDowell joined Berkshire Hathaway HomeServices C. Dan Joyner Realtors as a sales associate in the company’s Midtown office.
