Homesteps Financing Credit Score Requirement

SUBJECT: SELLING UPD ATES - Freddie Mac Home
Removing the seasoning requirement for “no cash-out” refinance Mortgages . We are removing the 120-day seasoning requirement for a “no cash-out” refinance Mortgage when the Mortgage being refinanced is a purchase money transaction. Length of time Borrower is on the title for cash-out refinance Mortgages ... Return Doc

Selection And Use Of Credit Scores - Freddie Mac
The Credit Score is a number summarizing an individual's credit profile that indicates the likelihood that a Borrower will repay future obligations. Credit Scores are used to determine the Underwriting Score and Indicator Scores for ... Retrieve Content

2017 SCORECARD FOR FANNIE MAE, FREDDIE MAC, AND COMMON ...
2017 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions For all Scorecard items, Fannie Mae and Freddie Mac (the Enterprises) and Common • Conclude assessment of updated credit score models for underwriting, pricing, and investor disclosures, and, as appropriate ... Read More