Generally, a public housing authority, which qualifies applicants, counts the income of each household member age 18 and older. A portion -- $480 -- of a full-time student's annual income may be excluded from his family's income calculation to help meet income limits. Advertisement Tip HUD...
Seeking to prevent the sub-prime meltdown earlier in the decade, the new QM rules — through stricter underwriting guidelines and debt-income ratios — require lenders to ensure that the borrower has the ability to repay the loan today and into the future. In exchange, lenders will be protect...