Sunday, May 8, 2016

Fannie Mae to offer no-credit-score mortgages

There was no such animal as a credit score until about 1995. Well, it's back to the future. Good going Fannie Mae.

On June 25, Fannie Mae will be rolling out the automation of a manual process for mortgage applicants without credit scores, according to Mindy Armstrong, senior product manager at Fannie Mae.

Read more... http://m.ocregister.com/articles/percent-714878-credit-mortgage.html

Reuters: Financial Services and Real Estate

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