Total Debt Expense Ratio
From Open Risk Manual
Contents
Definition
Total Debt Expense Ratio. A portion of 100 that represents the ratio of all monthly debt payments of all the borrowers, including proposed housing expenses, to the income of the borrowers as relied upon to make a credit decision
This is not connected to an individual borrower because it is computed from data from multiple borrowers.
Synonyms
- Back End Ratio
See Also
- the 2015 Revised HMDA regulation.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Total Debt Expense Ratio"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/LoanContracts/LoanCore/index-en.html + |
