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re: FHFA directive now allows Fannie Mae & Freddie Mac to count rent for mortgage applications

Posted on 7/9/25 at 10:39 am to
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
56586 posts
Posted on 7/9/25 at 10:39 am to
Um you've always had to document two years of rent w cancelled checks to use it to qualify
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 7/9/25 at 10:44 am to
Credit Scores are quite frankly insane on how they are calculated, and it was crazy how much information the mortgage company wanted from my wife and I when we blew the "requirements" out of the water. Because I was at my current job less than 3 years, they wanted proof of salary at my old job... which was absorbed by a larger company so that information was not available.
Posted by NorCali
Member since Feb 2015
1554 posts
Posted on 7/9/25 at 11:02 am to
This is a positive
Now to undue the FAFSA debacle that was implemented last year.
Students from households with means can’t even get enough student loans to come close to cost of attendance. Huge disincentive for this group to attend and highly incentivizes lower income that can get all the cash they need.
Posted by chRxis
None of your fricking business
Member since Feb 2008
26689 posts
Posted on 7/9/25 at 2:04 pm to
Too much volatility in the crypto arena
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