Similar Stories to Fannie Mae Says Second Credit Report Not Required on Bing News

Mortgage giant Fannie Mae said Friday that lenders who sell mortgages to the company are not required to run a second credit report before a ...

Topics:  fannie mae   required   credit report   
BING NEWS:
  • Fannie Mae, Freddie Mac credit update nears critical juncture
    A key update of secondary market scores is set to reach the finish line in 2025 but the outlook for whether its current trajectory will continue is mixed.
    12/3/2024 - 9:00 pm | View Link
  • Mortgage Loan Limits Increase Again, Making Million Dollar Homes Increasingly Within Reach
    This week the Federal Housing Finance Agency announced the upcoming conforming loan limits would increase to 806,500, a $40,000 increase from the 2024 loan limit of ...
    11/28/2024 - 7:25 pm | View Link
  • Fannie Mae’s new version of DU to focus on credit risks
    Fannie Mae said that DU version 12.0 represents “a major update to DU’s credit risk assessment and opens new opportunities for homeownership,” while claiming it will also offer new ways to ...
    11/20/2024 - 4:14 am | View Link
  • Fannie Mae investigates potential multifamily mortgage fraud
    The details of these process changes were not specified in the report. In August, three fraudulent investors also pleaded guilty to conspiracy in a mortgage fraud scheme involving a Fannie Mae ...
    11/12/2024 - 11:00 am | View Link
  • More
BING SEARCH:
  • Requirements for Credit Reports | Fannie Mae
    The lender must obtain a credit report for each borrower on the loan application who has an individual credit record. The credit report must be based on data provided by the national credit repositories.
    11/29/2024 - 3:05 pm | View Website
  • General Requirements for Credit Scores | Fannie Mae
    Credit scores are required for most loans purchased or securitized by Fannie Mae. The classic FICO credit score is produced from software developed by Fair Isaac Corporation and is available from the three major credit repositories.
    11/29/2024 - 2:58 pm | View Website
  • DU Job Aids: Associating a Credit Report
    You are presented with options to either request a new credit a report or reissue an existing credit report and associate it with the casefile. If you have not yet ordered a valid credit report for the loan, you can request a new one directly through DU.
    11/28/2024 - 11:24 am | View Website
  • DU Credit Report Analysis | Fannie Mae
    DU uses the date of the credit report to determine whether or not the applicable waiting period has been met. The lender may obtain an updated credit report and resubmit the loan casefile to DU after the required time has elapsed or manually underwrite the loan using the disbursement date to confirm that the waiting period has been met.
    11/28/2024 - 9:29 am | View Website
  • Enterprise Credit Score and Credit Reports Initiative
    It’s a multiyear effort to update the current credit reporting requirements and replace the existing credit score model used for single-family loans sold to the GSEs. The GSEs are doing this work with input and feedback from industry stakeholders.
    11/27/2024 - 3:07 pm | View Website
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