{"id":2655,"date":"2017-03-28T00:00:00","date_gmt":"2017-03-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/freddie-to-aid-those-without-credit-scores\/"},"modified":"2017-03-28T00:00:00","modified_gmt":"2017-03-28T00:00:00","slug":"freddie-to-aid-those-without-credit-scores","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/freddie-to-aid-those-without-credit-scores\/","title":{"rendered":"Freddie to Aid Those Without Credit Scores"},"content":{"rendered":"

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Mortgage<\/a> financing<\/a> giant Freddie Mac has expanded access to credit for American families without credit scores. Beginning in June, borrowers without credit scores may be able to easily qualify for purchase mortgages or no-cash-out refinance transactions. Still, borrowers will have to show payment references, like records showing timely housing<\/a> payments.<\/p>\n

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Read more<\/strong>: This Could Boost Millions of Credit Scores<\/span><\/p>\n<\/blockquote>\n

Freddie Mac currently allows lenders<\/a> to manually underwrite mortgage loans<\/a> to borrowers without credit scores. Now, Freddie Mac will allow automated assessments of such borrowers, which it says will help lenders serve more potential buyers efficiently.<\/p>\n

\u201cWe\u2019re committed to supporting responsible lending and improving access to credit for all borrowers, including first-time home buyers, low- and moderate-income buyers, and underserved populations,\u201d says David Lowman, executive vice president of Freddie Mac\u2019s Single-Family Business. \u201cIt\u2019s important that we keep pace with the evolving needs of the U.S. market and help support sustainable homeownership.\u201d<\/p>\n

Source: Freddie Mac<\/em><\/p>\n<\/div>\n<\/div>\n

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Mortgage financing giant Freddie Mac has expanded access to credit for American families without credit scores. … Freddie to Aid Those Without Credit Scores<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,1403,15239,1335,400,12908,543,627,344,604,408,120,312,1007,41,818],"class_list":["post-2655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-buy","tag-chase","tag-credit","tag-credit-score","tag-home","tag-home-buying-guide","tag-homeowners","tag-housing","tag-loans","tag-mortgage","tag-mortgage-loan","tag-mortgages","tag-owners","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/2PuvROe4TFY","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2091,"url":"https:\/\/amazingproperty.com.ng\/blog\/borrowers-face-higher-mortgage-rates\/","url_meta":{"origin":2655,"position":0},"title":"Borrowers Face Higher Mortgage Rates","author":"Amazing Property","date":"March 17, 2017","format":false,"excerpt":"For the second consecutive week, mortgage rates were on the rise. \"As expected, the [Federal Reserve's Federal Open Market Committee] announced its first rate hike of 2017\u00a0and hinted at additional increases throughout the remainder of the year,\" says Sean Becketti, Freddie Mac's chief economist. \"Although our survey was conducted prior\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4007,"url":"https:\/\/amazingproperty.com.ng\/blog\/think-your-credit-score-is-too-low-to-buy-a-house-maybe-not\/","url_meta":{"origin":2655,"position":1},"title":"Think Your Credit Score Is Too Low To Buy A House? 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Additionally, \u201cthe 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation,\u201d says Freddie Mac chief\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"rates082417.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates082417.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates082417.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates082417.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3145,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-reasons-millennials-are-waiting-to-buy\/","url_meta":{"origin":2655,"position":3},"title":"Real Reasons Millennials Are Waiting to Buy","author":"Amazing Property","date":"April 7, 2017","format":false,"excerpt":"Forty-two percent of millennials say they are delaying buying a home because of the December 2016 Fed interest rate hike, according to a new TransUnion survey released this week of more than 1,200 consumers. Read more: Fed Votes to Raise Rates: The Housing Impact The Federal Reserve announced a second\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1479,"url":"https:\/\/amazingproperty.com.ng\/blog\/consumers-turn-to-non-banks-for-mortgages\/","url_meta":{"origin":2655,"position":4},"title":"Consumers Turn to Non-Banks for Mortgages","author":"Amazing Property","date":"March 1, 2017","format":false,"excerpt":"[ad_1] More borrowers are choosing non-banks\u2014financial institutions that only issue loans and do not offer savings or checking accounts\u2014to get a mortgage, The Washington Post reports. It's a major shift in borrower behavior. In 2011, 50 percent of all new mortgage loans originated from the three largest banks: JPMorgan, Bank\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6237,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-maintain-yearly-lows\/","url_meta":{"origin":2655,"position":5},"title":"Mortgage Rates Maintain Yearly Lows","author":"Amazing Property","date":"September 15, 2017","format":false,"excerpt":"Mortgage rates mostly held at last week\u2019s year-to-date lows, offering another opportunity for borrowers to take advantage of savings. \u201cFollowing a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week,\u201d says Freddie Mac chief economist Sean Becketti. \u201cThe 30-year mortgage rate, however, remained unchanged at\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"rates091517.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates091517.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates091517.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates091517.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2655"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2656"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}