| A major change is coming to the mortgage industry. Beginning September 24, Fannie Mae will require lenders to use trended credit data when underwriting single-family borrowers. Trended credit data gives lenders access to the payments a borrower has made on existing credit accounts for the past 24 to 30 months. The data helps determine if a borrower pays off credit cards each month or if they typically carry a balance from month to month while making minimum payments. The goal is to help lenders make a smarter, more thorough analysis of a borrower’s credit history. As always, I’m here to answer any questions you may have. You can count on me to help. Sincerely, |
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| Jackie A. Fowler | |
| NMLS #0546304 | |
| Mortgage Loan Originator | |
| 469 W. 23rd St. | |
| Panama City, FL 32405 | |
| p - 850.872.7155 | |
| c - 850.814.8390 | |
| f - 877.742.7693 | |
| jackie.fowler@regions.com | |