Credit Repull

Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

June 8, 2010 by admin · Leave a Comment 

A new loan quality initiative from Fannie Mae is making it harder for Shipshewana home buyers and refinancing homeowners everywhere to close on a mortgage.
Beginning June 1, 2010, with all new applications, Fannie Mae wants lenders to verify that borrowers have not taken on new debt during the underwriting phase of the mortgage. 
If new debts [...]

Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

June 8, 2010 by admin · Leave a Comment 

A new loan quality initiative from Fannie Mae is making it harder for Elkhart home buyers and refinancing homeowners everywhere to close on a mortgage.
Beginning June 1, 2010, with all new applications, Fannie Mae wants lenders to verify that borrowers have not taken on new debt during the underwriting phase of the mortgage. 
If new debts [...]