Freddie Mac just announced that they will allow a lender to use the third-party bill pay history to establish a borrower’s payment history. This works well for clients who do not have a traditional credit history, and frequently use apps such as Venmo or PayPal to pay their bills.

Related Article Title: Freddie Mac Selling Guide Updates – Bulletin 2020-1 – Dated February 5, 2020 Written by: Lloyd Rutherford, Staff Writer Freddie Mac is back on track this year by issuing an update with a lot of reminders and credit policy changes.  Take a few minutes to read through this article for some important […]

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