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 ...
Mortgage giant Fannie Mae has announced it is scrapping its minimum credit score requirement of 620. This major policy change, which takes effect this weekend, aligns Fannie Mae with its counterpart ...
Exactly 30 years ago, Fannie Mae and Freddie Mac adopted credit reports and their scores from FICO as a basis for mortgage credit decisions (approval or denial) and risk-based loan pricing. That FICO ...
Fannie Mae and FHA loans are two types of mortgages designed to help individuals achieve homeownership, yet they cater to different borrower needs. Fannie Mae, or the Federal National Mortgage ...
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