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Real Estate & Property Law

: Housing Wire

Fannie Raises Minimum Credit Score to 620

By JON PRIOR

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As the Federal Housing Administration (FHA) considers raising the minimum credit score requirement for new borrowers to reduce risks to the single-family insurance fund, Fannie Mae (FNM: 0.92 +2.22%) has increased the minimum borrower credit score from 580 to 620. Brian Faith, a spokesperson at Fannie, confirmed the minimum hike to HousingWire, adding that the adjustment [...]

Full post as published by Housing Wire on December 03, 2009 (boomark / email).

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