Timely Rent Payments Are Now Considered In Home Loan Evaluation

The removal of a minimum credit score requirement could especially benefit first-time homebuyers, younger borrowers, and ...
SFGate

Paying Rent on Time Could Now Help You Get a Mortgage After Key Change at Fannie and Freddie

A new policy change at mortgage giants Fannie Mae and Freddie Mac could help first-time homebuyers qualify for a mortgage if they have a track record of paying their rent on time. Effective ...
Black Enterprise

Fannie Mae And Freddie Mac Will Now Consider Rent History When Assessing Credit

Freddie Mae and Fannie Mac are now allowed to calculate rent history in the algorithm for determining credit history loan approval. Fannie Mae and Freddie Mac will now use multiple methods to assess ...
San Gabriel Valley Tribune

Fannie Mae eliminating minimum 620 credit score eligibility requirement

Starting Nov. 15, Fannie Mae is eliminating its 620 minimum middle credit score requirement for purchase and refinance home loan credit decisions. Fannie is following Freddie Mac’s lead from several ...