Trended Credit Data
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Trended Data and Rescoring
- August 25, 2016
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
No CommentsAs most know Trended Data will start coming into play at the end of September. Trended Data is a new way that Fannie Mae will start analyzing credit reports to see if a borrower pays his revolving debt off every month or just makes the minimum payments every month. While the Trended Data will show
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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 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