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  • Comment Detail

  • Date: 05/16/23
    First Name: Stephanie
    Last Name: Whiting
    Email: stephanie.whiting@ymail.com
    Organization Type: other
    Organization: Kind Lending

  • Comment

    **NOT on behalf of Kind Lending**

    Soley my own comments:
    Feedback for FHFA
    • DTI LLPAs make -0- sense when FNMA, FMLC, FHA, VA do not provide guidance on guidelines, questions, or clarification on income calculations and leave it to human underwriters to calc income where most don’t come out with the same monthly income calculations.
    • No one in FHFA have dogs in the fight or in the trenches every day talking to borrowers.
    • Guidelines for part time jobs need to be updated.
    • Address gig economy income credits when mileage isn’t used for deductions nor gas/tire expenses.
    • Create a committee with current NMLS producing state originators for feedback in the field and utilize the committee for feedback on changes to LLPAs or guidelines.
    • Create committee that will provide guideline clarification, answer questions to file specific concerns or issues making it easier to decide to approve or deny loans in contract.