The Federal Housing Administration (FHA) is considering tightening borrowers' debt-to-income ratios, a move that would prevent the most highly leveraged consumers from qualifying to buy a home.

The agency has yet to determine what the new minimum and maximum ratios would be and when such changes would go into effect, but the very fact that FHA is contemplating such a move is worrisome to some lenders who say a tightening would exclude more borrowers from the still-fragile housing market and potentially cause home prices to fall further.

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