{"id":631,"date":"2016-08-08T09:13:51","date_gmt":"2016-08-08T16:13:51","guid":{"rendered":"http:\/\/brandmettasandbox-bwc.com\/?p=631"},"modified":"2016-08-08T09:13:51","modified_gmt":"2016-08-08T16:13:51","slug":"trended-credit-data-new-trend-fannie-mae-underwriting","status":"publish","type":"post","link":"https:\/\/bluewatercredit.com\/trended-credit-data-new-trend-fannie-mae-underwriting\/","title":{"rendered":"Trended Credit Data is the new “trend” in Fannie Mae underwriting"},"content":{"rendered":"
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There is a new \u201ctrend\u201d in mortgage loan underwriting, but thankfully, it\u2019s not Pok\u00e9mon Go, skinny jeans, or wearing a smart watch. Instead, the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, announced that they will soon require all lenders to use \u201cTrended Credit Data\u201d when underwriting single-family homes for mortgage loans.<\/p>\n

In case you\u2019re not up on the latest \u201ctrends\u201d (if you see hundreds of young people walking around like zombies at your local park staring at their phones, now you\u2019ll know that Pok\u00e9mon Go is the culprit!), Trended Credit Data is historical information on a consumer\u2019s credit behavior. It includes up to 24 months of tradeline credit reporting with information like balance, credit limit, high credit, scheduled payment and actual payment documented.
\nFannie Mae mandated the credit reporting shift to include Trended Credit Data because, per FNMA, their underwriting emphasis is now on evaluating better credit risk analysis on revolving accounts, and Trended Credit Data will allow them to do just that.<\/p>\n<\/div>\n

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Specifically, Trended Credit Data will give lenders insight into how borrowers manage their revolving credit lines, revealing if they typically pay off their credit cards and other revolving credit lines every month, just pay minimum payments, or carry a significant balance month-to-month.
\nReportedly, not all tradelines on a credit report will reflect Trended Credit Data. Here are some examples of accounts and tradelines that probably won\u2019t display the new information:<\/p>\n