DTI definition
Examples of DTI in a sentence
The borrower’s monthly DTI Ratio shall be a percentage calculated by dividing the borrower’s monthly income by the borrower’s monthly housing payment (including principal, interest, taxes and insurance).
For each Qualifying Loan, the lender shall determine the net present value of the modified loan and, if it will exceed the net present value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower’s monthly DTI Ratio to no more than 31% at the time of the modification.
Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 0.35 9.999999 Modified Loans Only >= 0 and >= 1 145 Updated DTI (Back-end) Updated back-end DTI ratio (total monthly debt expense divided by total monthly income) used to qualify the loan modification.
Mortgage Insurance Text 123456789G X(20) MI Company > 0 UNK = Unknown 144 Updated DTI (Front-end) Updated front-end DTI ratio (total monthly housing expense divided by total monthly income) used to qualify the loan modification.
The Supplier is obliged to approach DTI for exemption within 10 (ten) days of determining that it is unable to achieve any milestone target or local content threshold.