Real estate blog entries tagged with credit report score history underwriting guidelines fannie mae by Joseph Metzler MLO MMS NMLS # 274132 (Mortgages Unlimited, Inc)

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Home : Blogs : Joseph Metzler MLO MMS NMLS # 274132 : Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use : Tag "credit report score history underwriting guidelines fannie mae"

credit report score history underwriting guidelines fannie mae: CREDIT REPORTS: Just one is not enough when financing a home anymore - 08/25/10 10:15 AM

CREDIT REPORTS: Just one is not enough when financing a home anymore.
Minneapolis, MN: Lenders review credit as a very important part of the approval process when buying a home. Typically this initial credit report has been valid for underwriting the mortgage loan for as long as 120 days.
During that time period, many things could have changed with the customers credit report that if known, would adversely effect the underwriting decision. New late payments, or new debt; especially common is new debt for furniture on the house they are about to buy.
Because this has been a major problem, … (3 comments)

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Joseph Metzler MLO MMS NMLS # 274132

, MN

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Mortgages Unlimited, Inc

Address: 33 Wentworth Ave E #290, Saint Paul, MN, 55118

Office Phone: (651) 552-3681

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Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use. Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.

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