Fannie Mae
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Experian Boost™ vs. UltraFICO™
- March 24, 2022
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
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Fannie Mae to Include Rental History
- September 1, 2021
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
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Reading a Credit Report
- December 28, 2017
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Credit reports can be very confusing to read at times. There is a lot of information to decipher, codes that may not always make sense, etc. There are some basic things to know that may help when you are looking at a credit report. While there are several different scoring models available for each bureau,
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Trended Credit Data Implementation is Drawing Near
- March 17, 2016
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
You may recall Fannie Mae’s October 2015 announcement regarding their planned use of trended credit data beginning in 2016: Fannie Announcement on Trended Data. Although implementation information from Fannie Mae has been scarce since this initial announcement, Advantage Credit has recently received updates from the two national credit bureaus, Equifax and Transunion, who are participating
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Fannie and Freddie May be Forced to Make Some Changes in the New Year!
- January 7, 2016
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
The Federal Housing Finance Agency (FHFA), the agency that oversees mortgage investors Fannie Mae and Freddie Mac, have ordered the companies to make plans to utilize alternate and/or updated scoring models in 2016 and to move forward in implementing them. This change would have a major impact on credit reports once they are implemented. Right
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Fannie Mae Announces New Trended Credit Data Requirement
- October 29, 2015
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Evergreen, Colo., October 29, 2015 – Fannie Mae recently announced that they will require credit data used with Desktop Underwriter to include trended data beginning in 2016. The data provided by Equifax and TransUnion, will allow a better and more thorough analysis of the borrower’s credit history. Advantage Credit, Inc. is gearing up for this
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Update on Short Sale Fix
- May 8, 2014
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Evergreen, Colo., May 8, 2014 – Serving as an update to the Advantage Credit, Inc. press release dated August 27, 2013 in which a fix was announced to how short sales were conveyed on credit reports, that announced fix has apparently failed. The Desktop Underwriter® (DU®) mechanism which is supposed to give lenders the ability
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Undisclosed Debt Notification is Now Available From all Three Bureaus
- April 24, 2014
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Evergreen, Colo., April 24, 2014 – Advantage Credit is excited to announce that they can now offer their Undisclosed Debt Notification (UDN) service from all three credit bureaus. This service is designed to monitor a borrower’s credit profile throughout the entire closing process helping to ensure a smooth closing. Fannie Mae has updated the policy
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Did You Know Series Presents: Short Sale Issue Resolved
- September 5, 2013
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Did you know…Starting mid November there should no longer be the need to beware of the number 9! Fannie Mae has announced that during the weekend of November 16th, they will be rolling out their Desktop Underwriter (DU) version 9.1 in which they have solved the issue of their software reading short sales as foreclosures.
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Short Sale Fix Announced
- August 27, 2013
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Evergreen, Colo., August 27, 2013 – Fannie Mae and Senator Bill Nelson (D) of Florida recently announced a fix to an issue with how short sales are conveyed on credit reports. Fannie Mae, according to its August 22, 2013 Desktop Originator/Desktop Underwriter Release Notes, has provided a mechanism allowing lenders to override incorrect foreclosure tradeline