The New York Times reports that when evaluating home loan applications, they will soon begin to look further back into consumer credit histories. As the article describes, "beginning mid-2016, Fannie Mae will require lenders to use what is known as 'trended credit data' when submitting loan applications through the agency's proprietary automated underwriting system."
Read MoreAre you looking to get your credit in order in order to prepare for a future mortgage? Here are a few “do’s” and “dont’s,” courtesy of Ken Chaplin from REwired.
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