‘Punitive double standard’: NAREB takes aim at FHA spousal debt rule

Unlike conventional loans, FHA mortgage applications consider non-borrowing spouse’s debt while not counting their income in community property states
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‘Punitive double standard’: NAREB takes aim at FHA spousal debt rule

Unlike conventional loans, FHA mortgage applications consider non-borrowing spouse’s debt while not counting their income in community property states
PRO

Should the Federal Housing Administration (FHA) be requiring lenders to include a non-borrowing spouse’s debt on mortgage applications, if the spouse is not legally obligated to repay the loan?
It’s not a requirement for conventional loans. And the National Association of Real Estate Brokers (NAREB) is calling the FHA’s underwriting rules outdated, claiming it disproportionately impacts Black borrowers and people of color.
NAREB was founded in 1947 to support Black real estat...

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