In the new Loan Quality Initiative environment, Fannie Mae wants lenders to verify that an applicant’s credit profile did not change while the loan was in underwriting. Lenders will have to do a soft credit pull within 72 hours of closing. Lenders will look for evidence of any of the following events occurring while the […]
Category Archives: Credit Education
New Credit Card Laws Can Affect Your Score
The credit card laws that were passed last year and took effect in February are generally considered protective of the American consumer. However, it means the credit card game has changed as both the card issuers and consumers adjust. With a new game, there are some new rules for maintaining a good credit score. And […]