Fannie Mae — the nation’s leading source of mortgage financing — has also realized the power of rent payment reporting, and it could be a game-changer for first-time homebuyers.
Fannie Mae Adds Rent Payments to Considerations for Mortgage Approval
October 2, 2021 By Leave a Comment
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 […]
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 […]
What Eviction Reporting Codes To STOP Using Now and a New CDC Eviction Moratorium
October 13, 2020 By Leave a Comment
The COVID-19 pandemic has thrown everything out of whack, including credit reporting. Creditors have made unprecedented accommodations to help struggling debtors. As a result, you’ve shifted the way you report credit to ensure no adverse impact to your clients and tenants. Datalinx has tried to keep you abreast of all […]
TransUnion Report Reveals Pandemic’s Impact on Rental Industry
July 18, 2020 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 recently conducted an intensive analysis to better understand the impact of shutdowns, illness, and quarantines on the financial health of renters. The results, published in June 2020, offer valuable insight […]