financing giant Fannie Mae will ease its requirements next month, raising its
debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could
pave the way for a larger number of new buyers to qualify for a mortgage, particularly
millennials who may be saddled with student loan debt. The debt-to-income
ratio compares a person’s gross monthly income with his or her monthly payment
on all debt accounts, including auto loans, credit cards, and student loans.