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0 -0.00118815896188165 -0.00283860502838597 -0.000135171668018452 0.0024330900243308 -0.00152068126520677 0.000135171668018452 0.000135171668018452
Stock impact report

Fannie and Freddie to Allow Credit Scores Based on Rent and Utilities Payments [Yahoo! Finance]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Yahoo! Finance
U.S. Federal Housing Finance Agency Director William Pulte , who is also the chairman of federally controlled Fannie and Freddie, announced the move at a press conference in Washington DC on Wednesday. "If you pay your rent on time, you are more likely to pay your mortgage on time," Pulte said. "For decades, our housing system ignored that simple fact, because your credit score would never count it. That's nonsense, because credit history should include rental history." Wednesday's announcement marks the inclusion of new credit score rules in Fannie Mae's Selling Guide, the official, comprehensive policy manual detailing requirements for lenders to sell conventional residential mortgage loans to the mortgage giant. Last year, Pulte announced Fannie and Freddie would allow mortgage lenders to use VantageScore ratings to assess borrower creditworthiness, in addition to or instead of traditional FICO 10T scores. VantageScore takes into account rental and utility payment history Show less Read more
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