A borrower with credit frozen at two or more bureaus will not be eligible for a Fannie Mae loan. The borrower would need to take action to ‘unfreeze’ their reports with no more than one bureau to be eligible.
Fannie Mae Selling Guide Announcement SEL-2017-10 – Dated December 19, 2017-Effective Immediately By: Lloyd Rutherford-Staff Writer Fannie Mae has issued some business-changing updates in this announcement. Read through this issue to get update on Borrowers with frozen credit, rules on premium pricing, properties owned by an LLC and Texas Section 50(a)(6) loans. Rule Synopsis: Fannie […]