.
Fannie Mae said that starting next month it will help lenders factor in borrowers’ history of rent payments when weighing those applicants’ qualifications. Fannie Mae doesn’t require lenders to consider rent history, if a borrower has a credit report and score that meet the company’s criteria. But credit reports often don’t include residential-rent payments because most landlords don’t report the data to credit-reporting firms. Renters’ credit scores, which are based on information in their credit reports, as a result also don’t reflect that data.
The issue has been problematic for consumers with limited borrowing histories, who have difficulty getting approved for affordable credit. “In some markets, it’s just as expensive to rent as it is to own,” said Hugh Frater, Fannie Mae’s chief executive. For many renters, “they have the history of making payments, which in my opinion should be equally and fairly considered in their ability to pay a mortgage.”
FannieMae That's great news. Now, can you help me find a lender who cares more about me and my history of on time rent pymts. and bills instead of a credit score number? (My score is low due to no established credit. I owe no one anything)
FannieMae Smart move by Fannie. BTW, it is still in conservatorship, where US govt lied, took over the ownership, swept all profits and never paid a dime to its real owners, the shareholders. fanniegate. Will you write an investigative report on that? Plz, just no more lies.
Now if only there was inventory to buy.
brothers and sisters admit repent sins forgive one another get baptized in Jesus Christ and believe in Jesus Christ as your Lord and Savior and have eternal life in heaven ask Father God Almighty fot his Holy Spirit. Pray read the Bible 1,200 pages truth set you free 🙏🏻 ✝️
Moon the prices until the moon 🙋♂️🙋♂️ Very smart 🙈🙈🙈 Bailout imminent again 🙈🙈
And so it begins…