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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.

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