Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

New Fannie Mae Underwriting Feature Helps Renters Become Homeowners

Fannie Mae is launching a new feature in its automated underwriting system to incorporate consumers’ rent payments in the mortgage credit evaluation process. Beginning September 18, 2021, Fannie Mae’s Desktop Underwriter (DU) will enable single-family lenders – with permission from mortgage applicants – to automatically identify recurring rent payments in the applicant’s bank statement data to deliver a more inclusive credit assessment.

For qualified renters who may have limited credit history but a

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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