Fannie Mae’s Rental Payment Change Worries Some
HousingWire, Aug. 13, 2021–Georgia Kromrei
The mortgage industry had mixed feelings about the Federal Housing Finance Agency’s move to count positive rental history in Fannie Mae’s underwriting process. The Mortgage Bankers Association, which represents lenders, said in a statement that it supported the change. “The ability to factor rental payment history into loan underwriting aligns with long-standing MBA recommendations to better recognize the complete population of mortgage-ready consumers,” a spokesperson wrote.