Fannie Mae Lifts Minimum Credit Score on Desktop Underwriter Loans

Government-sponsored enterprise (GSE) Fannie Mae employs an automated Desktop Underwriter (DU) system. Now, with a recent change in policy, lenders will face one less hurdle in giving loans out processed through the system. Previously, the DU system required that a borrower have a minimum credit score of 620 (or a cumulative minimum of 620 for…

The post Fannie Mae Lifts Minimum Credit Score on Desktop Underwriter Loans appeared first on RISMedia.

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