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uponit7771

(93,405 posts) Tue Nov 11, 2025, 01:13 PM Tuesday

Fannie Mae to Drop Minimum Credit Score for Homebuyers [View all]

Yep, they're doing this shit again and this time its "trust me bro, I score them better than last time" vibes all over this !!

https://www.paymentsjournal.com/fannie-mae-to-drop-minimum-credit-score-for-homebuyers/

"Fannie Mae is lowering its minimum 620 middle credit score requirement for purchases and refinance loans—a move that could broaden access to homeownership for borrowers with thinner credit files or lower scores.

Following Freddie Mac’s lead, Fannie Mae is removing the threshold from its Desktop Underwriter (DU) eligibility determination system. While DU may no longer require a credit score, it will continue to evaluate loans using a comprehensive set of credit risk criteria to determine whether they qualify for sale to Fannie Mae."

32 replies

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Fannie Mae to Drop Minimum Credit Score for Homebuyers [View all] uponit7771 Tuesday OP

Here we go again... Ocelot II Tuesday #1

I already saw the ending to this movie. Irish_Dem Tuesday #26

Add in 50 year mortgages, and what could go wrong? Nt Fiendish Thingy Tuesday #2

On top of the risk this implies (as you suggest) due to parallels to the 2008 catastrophe AZJonnie Tuesday #3

We're in real trouble when they start handing out second mortgages. Johonny Tuesday #4

Great. Another Dem POTUS will bail out banks leftstreet Tuesday #5

Surprising we're against people with low credit scores getting considered for a mortgage. Silent Type Tuesday #6

I had a low credit score for years and was unable to buy a home. A HERETIC I AM Tuesday #7

"I stopped doing the things that got me the low credit score to begin with." Maru Kitteh Tuesday #18

That's how our credit rating died, in mountains of medical debt. hunter Tuesday #29

Um, folks about to lose their medical insurance! MerryBlooms Tuesday #20

Unfortunately, we all pay when these mortgages go into default Totally Tunsie Tuesday #8

To a libertarian, there's no such thing as a negative externality Prairie Gates Tuesday #13

Because it generally means that the borrower can't afford the loan. hamsterjill Tuesday #10

I recall one of the most infamous tricks of the time: Totally Tunsie Tuesday #15

Surprised you're against protecting them from lenders leftstreet Tuesday #11

The only sacred principle is that all borrowers should have the choice to be exploited Prairie Gates Tuesday #14

All DUrs are against low credit score holders being exploited uponit7771 Tuesday #16

If you consider someone finally getting a house exploitation. I don't. Silent Type Tuesday #17

Someone who can't afford it getting one? Yes ! You know that already and are talking around obvious concerns... uponit7771 Tuesday #19

620 doesn't mean you can't afford it. You deserve an evaluation. This doesn't guarantee a loan, just consideration. Silent Type Tuesday #21

Known known, credit worthiness doesn't express affordability, don't see the point in expressing the obvious? Bottom line uponit7771 Tuesday #23

Trump is proposing to fix serious problems with bandaids. snot Tuesday #31

No question it's bandaids. So was $50K for a down payment. Silent Type Tuesday #32

This is why Grants and Grant City went out of business. QueerDuck Tuesday #9

When these people, go bankrupt or get behind in payment all these corporate companies will snap up the housing kimbutgar Tuesday #12

That doesn't Rebl2 Tuesday #22

Thin credit files shouldn't disqualify otherwise qualified borrowers. flvegan Tuesday #24

Right, no credit can be worse than bad but their earning history kicks in for housing usually. I'm not trusting these .. uponit7771 Tuesday #25

The fear that they'll qualify borrowers they shouldn't flvegan Tuesday #27

I Felt Very Sorry For People Last Time Around OC375 Tuesday #28

I have seen so many young people buy more redstatebluegirl Tuesday #30