Tag: Credit

Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-11 – Dated June 5, 2019 – Effective Immediately

Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The […]

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Fannie Mae-Desktop Underwriter Credit-related Error Codes Job Aid – Dated February 26, 2019

Written By: Lloyd Rutherford, Staff Writer If you ever get error codes when working with DU, you are going to love this article and the accompanying Job Aid. Rule Synopsis: Fannie Mae published an updated DU Credit-Related Error Code Job Aid.  This is a great resource for identifying: the credit error code the error description, […]

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CFPB – Credit Review Checklist for Consumers

Written By: Tammy Butler, Master CMB Credit issues, or unfounded fears of credit issues, prevent many clients from starting the home-buying process. One way to help consumers become customers is to provide them with educational guidance. Interpretive Comments: The FTC (Federal Trade Commission) states that one in five people have an error on their credit […]

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Fannie Mae – Job Aid: Flexibilities for Creditworthy Borrowers – Dated October 2018

Written By: Lloyd Rutherford, Staff Writer Many mortgage professionals seem to struggle with inputting information into DU and DO.  Sometimes it’s the little tips that make your life easier, and this article provides those to you. Rule Synopsis: Fannie Mae has issued a job aid to assist lenders with input tips/requirements to give you confidence […]

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You can freeze your credit in a little as one business day via phone or online. If you want to unfreeze it, to allow someone to view it for a loan or other purpose, you simply request, and the bureau must unfreeze it within 1 Hour!

Related Article Title: Credit – Freezing Credit – What is the difference between locking credit, freezing credit and a fraud alert? [NEW MTP – Guide to Freezing Your Credit!] Answer: With all of the credit breaches and identify theft going on, consumers have been on high-alert regarding their credit. Locking, freezing and fraud alerts have […]

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