General Criteria for Credit Ratings. Credit History Versions.

General Criteria for Credit Ratings. Credit History Versions.

Introduction

This subject defines Fannie Mae’s requirements for debtor credit ratings, including:


Credit ratings are needed for mortgage loans that are most bought or securitized by Fannie Mae. The classic FICO credit rating is created from computer pc software produced by Fair Isaac Corporation and it is offered by the 3 credit that is major. Fannie Mae calls for the next variations for the classic FICO rating for both DU and mortgage that is manually underwritten:

The lending company must request these FICO fico scores for every debtor from each one of the three major credit repositories if they order the 3 in-file merged credit history. Continue reading “General Criteria for Credit Ratings. Credit History Versions.”