Currently, student loans that are in repayment are subject to different requirements than those that are in deferment or forbearance. In response to Seller feedback, we reviewed our requirements for liabilities included in the monthly debt payment-to-income ratio, specifically student loan liabilities, and are aligning our requirements for student loans that are in repayment, deferment or forbearance, providing one simplified approach for the calculation of student loan debt.

If the monthly payment amount is greater than zero, use the monthly payment amount reported on the credit report or other file documentation, or • If the monthly payment amount reported on the credit report is zero, use 0.5% of the outstanding balance, as reported on the credit report.  It used to be that they would imply 1%.

OK, millennials, buy a house!