Fannie Mae Hikes Minimum Credit Score

04 Dec 2009

Fannie Mae has increased the minimum credit score required by new borrowers from 580 to 620 to obtain loans.

Fannie Mae has increased the minimum credit score required by new borrowers from 580 to 620 to obtain loans. Commenting on the changes, Brian Faith, a Fannie Mae spokesman, said, “Our experience with recently delivered loans with credit scores below 620 is that they reached a level of ...

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