Read the Latest FormFree News: Read more

Fannie Mae to include rent payments in underwriting (National Mortgage News)

Fannie Mae will factor rental payment history into its mortgage decisioning starting on Sept. 18, the government-sponsored enterprise announced Wednesday.

Fannie’s Desktop Underwriter will identify consistent rental payments over the most recent 12 months to give historically underserved populations a more inclusive measure of a borrower’s fiscal health.

Read the full story in National Mortgage News.

Related Articles

Alternative for credit invisible borrowers finds success

Read More

Beyond FICO: Predicting The Ability To Pay A Mortgage

Read More

Are credit scores too important to lenders?

Read More