Fannie Mae Credit-Qualifying Breakthroughs

It seems odd that good rental payment practice has until now not been factored into credit history. Wouldn't you think this would be a relevant predictor for a borrower's future mortgage payments? Fannie Mae estimates that 17% of recent applicants who weren’t recommended for a mortgage would have qualified if rental payments had been taken into consideration. Check out this brief Money.com article for this and other credit-qualifying breakthroughs. And make sure to forward this info to your first-time homebuyer friends.

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