The New York Times reports that when evaluating home loan applications, they will soon begin to look further back into consumer credit histories. As the article describes, “beginning mid-2016, Fannie Mae will require lenders to use what is known as ‘trended credit data’ when submitting loan applications through the agency’s proprietary automated underwriting system.” So what does this mean for potential borrowers?
Category: The New York Times (2)
The Tech Boom’s impact on the economy and housing market in the Seattle area is receiving increasing recognition, as national news outlets are now weighing in on what the Emerald City’s future may hold. Most recently, Nick Wingfield of The New York Times reported that “Seattle, in Midst of Tech Boom, Tries to Keep Its Soul,” saying that Seattle leaders are no longer looking at San Francisco as a model to live up to, but as a “cautionary tale” to avoid.