Mortgage Monday I New Credit System for Mortgages in The Works: Everything we know so far I Episode 133
About this episode
David and Christian discuss a new pilot program that allows timely rent payments to contribute to credit scores for mortgage qualification.
In a big news update issued by both HUD and the FHFA, it’s being reported that a pilot program is in the works. This new program will allow those who make their rent payments on time to be granted credit for this in the FICO credit system, effectively helping renters to qualify for a mortgage to become homeowners themselves. David and Christian react to a video of the announcement, share the information they know, and answer listener questions. Check it out!
People in this episode
Host: David Greene
Guest: Christian
Topics covered
- mortgage
- credit system
- homeownership
- rent payments
- HUD
- FHFA
- pilot program
Keywords
- mortgage
- credit system
- HUD
- FHFA
- homeownership
- rent payments
- pilot program
Mentioned in this episode
Organizations: HUD, FHFA
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