No Minimum Credit Score? What Fannie Mae’s New Rule Really Means

Fannie Mae removes minimum credit score

Starting November 16, Fannie Mae is officially removing its minimum credit score requirement for certain borrowers using their Desktop Underwriter® (DU) automated system. Sounds like good news, but is it? To some it may bring flashbacks to the 2008 housing crash, when predatory loans were given left and right. This set up many for failure […]