Would-be homebuyers with thin credit files will have a better chance of getting approved for a mortgage if they’ve been paying their rent consistently, thanks to changes to Fannie Mae’s automated underwriting system taking effect next month.
Source: Inman News
New Fannie Mae rule may help renters qualify for a mortgage
Published in consumer federation of america, Desktop Underwriter, fannie mae, FHFA, freddie mac, Hugh Frater, Mitria Wilson-Spotser, Mortgage, mortgage underwriting, Regulations, Sandra Thompson and Select
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