More government efforts to make housing unaffordable

In summer 2017, Fannie Mae increased the number of loans made to borrowers with debt-to-income ratios of up to 50%, up from a typical limit of 45%. Freddie Mac did the same thing.  Fannie’s policy change has resulted in 100,000 new mortgages that otherwise wouldn’t have been made last year and early this year, according to the Urban Institute.