Statement by David M. Dworkin, President and CEO, National Housing Conference, on Fannie Mae considering rental payment history in underwriting
The Federal Housing Finance Agency’s announcement that Fannie Mae will consider rental payment history in mortgage approval decisions is a significant innovation and a major step forward in expanding homeownership opportunities. In addition to expanding the pool of qualified borrowers, it enhances the safety of the mortgages by fully considering the most relevant predictor of mortgage risk: housing payment history.