Hard-To-Borrow List

The Hard-to-Borrow List (HTB List) is a list of mortgage loans that are considered to be riskier than other loans. This list is maintained by Fannie Mae and Freddie Mac, the two government-sponsored enterprises that purchase mortgages from lenders. Loans that are considered to be on the HTB List have a higher interest rate than loans that are not on the list.

There are a number of factors that can cause a loan to be placed on the HTB List. These factors include:

• The loan-to-value ratio (LTV). The LTV is the ratio of the loan amount to the value of the property. Loans with a high LTV are more likely to be on the HTB List.
• The borrower's credit score. Borrowers with a low credit score are more likely to have their loans placed on the HTB List.
• The borrower's debt-to-income ratio (DTI). The DTI is the ratio of the borrower's monthly debt payments to their monthly income. Borrowers with a high DTI are more likely to have their loans placed on the HTB List.
• The property type. Loans for investment properties and properties in high-crime areas are more likely to be on the HTB List.

If a loan is placed on the HTB List, the lender will have to charge a higher interest rate in order to compensate for the increased risk. This can make it more difficult for borrowers to qualify for a loan, and it can also increase the cost of their monthly payments.

The HTB List is designed to protect the government-sponsored enterprises from taking on too much risk. However, it can also have a negative impact on borrowers who are trying to get a mortgage. If you are considering a loan, it is important to be aware of the HTB List and how it can affect your ability to qualify for a loan.