Data Facts Lending Solutions Blog

Got Mortgage Trended Data Blues? FAQ's to Help Ease the Pain

Posted by Susan McCullah

Aug 24, 2016 11:03:11 AM

Singin' the blues over more changes heading your way?

If you are not sure about the addition of trended data on mortgage credit reports, how it affects you, and how to deal with it, take heart! The reality is that mortgage credit trended data is a shockwave to the industry, and is causing even more changes for mortgage originators who have already been handed their fair share (TRID, anyone?).

We have scoured our mortgage lending services sources to answer some of the biggest, most common questions about trended data information...

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Topics: credit reports, Data Facts, Credit Score, mortgage trended data, trended credit data, mortgage lending services

Trended Credit Data News -Fannie Mae Postpones DO/DU v10.0 Release

Posted by Susan McCullah

Jun 16, 2016 12:47:21 PM

Data Facts has breaking news about mortgage trended credit data, which was expected to go into effect June 25, 2016.

Fannie Mae has recently stated that they have postponed the release of DO/DU v10.0.  From the notice on their web site, it appears that it is being postponed due to Quality Assurance issues so that they can ensure a successful implementation. 

The notice reads:

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Topics: Data Facts, mortgage trended data, fannie

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. 

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

A Better Mousetrap? Ten Crucial Points about Mortgage Trended Data

Posted by Susan McCullah

Mar 7, 2016 1:00:00 PM

Being able to predict whether or not a consumer will pay his or her mortgage loan on time and in full is the concept behind credit scoring. The Fannie Mae announcement about trended data being added to mortgage credit reports for the underwriting process is causing a shift in the entire industry.

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Topics: Mortgage, Credit Score, FICO, mortgage trended data, trended credit data

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