Effective September 18, 2021, Fannie Mae’s Desktop Underwriter® (DU®) will allow single-family lenders to automatically recognize recurring rent payments within an applicant’s bank statement data, allowing for a more comprehensive credit assessment. Fannie Mae’s DU upgrade opens additional opportunities for homeownership whilst promoting safe and sound lending for qualified renters […]
Fannie Mae Adds Rent Payments to Considerations for Mortgage Approval
October 2, 2021 By Leave a Comment
Credit Reporting and the CARES Act
September 25, 2021 By Leave a Comment
As our country continues to face the economic impacts of the Covid-19 pandemic and as the new Delta variant drives many people back inside, consumers and companies alike are facing unprecedented financial hardships. If you extend credit, chances are you’ve heard from your customers and clients asking what you can […]
Most Recent Reports Reveal Pandemic’s Impact on Rental Industry
September 25, 2021 By Leave a Comment
The COVID-19 pandemic has wreaked havoc on our global economies. Some populations, though, including renters, have been particularly hard-hit. TransUnion has conducted an intensive analysis to better understand the impact of shutdowns, illness, and quarantines on the financial health of renters. The results, published in November 2020, offer valuable insight […]