Data Facts Lending Solutions Blog

Important Numbers Mortgage Lenders Should Know About Mortgage Fraud

Posted by Susan McCullah

May 31, 2018 10:54:44 AM

Here is some important information Fannie Mae shared recently about mortgage fraud. These statistics are based on results of 2016 and 2017 mortgage fraud numbers.

Read More

Topics: mortgage lending services, fannie mae, mortgage fraud

UPDATE: How DU Plans to Handle Your Frozen Credit Files

Posted by Sara Kellum

Nov 9, 2017 11:51:10 AM

After the Equifax security breach that impacted millions of US consumers, many have elected to place a credit freeze on one or all of their credit reports as a safeguard. While putting a freeze on your report helps protect against fraud, it can present challenges if the consumer needs to obtain legitimate financing. 

Read More

Topics: Identity theft, Credit Freeze, fannie mae, frozen credit files, mortgage lending services

Fannie Mae Increasing Debt-to-Income Ratio to Expand Mortgage Lending

Posted by Kelsey Ramirez

Jun 14, 2017 11:06:30 AM

This article was originally published on HousingWire by Kelsey Ramirez. 

Fannie Mae announced it is increasing debt-to-income ratio, the No. 1 reason that mortgage lending applicants get rejected, according to an article by Kenneth Harney for The Washington Post .

The largest population rejected due to high DTI ratios is Millennial borrowers, who often stretch to pay their rent early in their careers, according to

the article.

Read More

Topics: fannie mae, Mortgage Lending

Fannie Mae Moves to Accommodate Student Loan Debt

Posted by Jann Swanson

Apr 26, 2017 9:00:40 AM

Data Facts periodically shares external information to educate our lending clients on upcoming changes, shifts, and relevant news in the mortgage lending services industry that affects how they do business. 

~Originally posted at Mortgage News Daily by Jann Swanson. 

At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a downpayment to buy a home. The debt won't easily go away, but Fannie Mae now says it would like to make those loans a slightly little less painful presence in borrowers' lives.

Read More

Topics: fannie mae, Student loan debt, mortgage lending services

Updated! DU Day 1 Certainty: Twelve FAQs from the Trenches

Posted by Susan McCullah

Dec 1, 2016 8:20:36 AM

If you are a lender, you have most likely heard about DUs new initiative, the Day 1 Certainty™, going live Saturday, December 10th.

Like any change, there are tons of questions regarding the process. Data Facts Account Executives are often the first to field questions from our clients about this change and how our mortgage lending services can address the coming needs. We have compiled the ones we are hearing over and over, as well as those that have been addressed by Fannie Mae, to help you stay informed. 

Here are the main questions we, as well as Fannie, get about DU Day 1 Certainty.

Read More

Topics: DU Day 1 Certainty, fannie mae, Mortgage lenders, Data Facts

Are You Ready for Mortgage Trended Data? Important FAQ's

Posted by Susan McCullah

Jun 7, 2016 2:03:57 PM

Unless you have been living on a deserted island, chilling in a bomb shelter, or just woke from a coma, you have heard about the implementation of trended data into mortgage credit reports, which is coming June 25, 2016. 

Read More

Topics: mortgage news, mortgage trended data, fannie mae, trended credit data

Download the Ultimate Guide to Understanding Credit Scoring

Subscribe to Email Updates

Follow Us:

Recent Posts

Posts by Topic

see all
Go to Top