Announcement: AccountChek now satisfies Freddie Mac's assessment of income requirement for loan applicants paid through ADP. Learn more

FormFree applauds Fannie Mae’s positive rent payment history initiative (PR Newswire)

FormFree® Founder and CEO Brent Chandler today released a statement commending Fannie Mae’s efforts to remove barriers to homeownership by adding a positive rent payment history feature to Desktop Underwriter® (DU®).

The feature, which went into effect September 18, is designed to expand sustainable homeownership — particularly for renters with limited credit history. The feature is anticipated to benefit prospective homebuyers and mortgage lenders alike by increasing the number of applicants who receive an Approve/Eligible recommendation in DU.

Read the full story in PR Newswire.

Related Articles

FormFree expands its verification of income and employment network…

Read More

FormFree supports Freddie Mac’s launch of innovative underwriting…

Read More

FormFree releases Residual Income Knowledge Index, an intelligent new…

Read More