It's official: Fannie Mae moves to open credit box with trended credit data | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: This weekend marked the official launch of Fannie Mae’s Desktop Underwriter Version 10.0, implementing the long-awaited use of trended credit, a change that could open up the credit box to potential borrowers previously unable to get a mortgage due to their credit history. So what’s with the huge hype around trended credit data? Trended credit data, according to Fannie, allows a smarter, more thorough analysis of the borrower’s credit history and helps creditworthy borrowers obtain access to mortgage credit and sustainable homeownership. This latest update to Desktop Underwriter is significant because it includes the requirement that lenders must start using trended credit data when underwriting single-family borrowers. Fannie is working with Equifax and TransUnion to provide the data.)