Blogatative Easing: Ben Bernanke, Brookings blogger

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution
W S
Lending / The Ticker

Switching from renting to homeownership could get easier

Credit score calculations to change

pile of paper
/ Print / Reprints /
| Share More
/ Text Size+

Good news for renters: Mortgage lenders might start considering rent payment history in credit scores. In the current system, years of monthly payments to landlords do not show up on credit-bureau files. Per The Columbus Dispatch:

Why? Because the landlord, phone and cable companies, and many other creditors don’t report your payments to Equifax, Experian or TransUnion, the big three credit bureaus. In the all-voluntary U.S. credit system, they’re not required to report anything to anyone.

But here’s some good news: Two of the national bureaus — Experian and TransUnion — have begun incorporating verified rental-payment data into credit files where it can be included in the computation of consumers’ scores when they apply for a mortgage.

Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus