Anna Maria Andriotis
speaker
3,396 appearances
52 recordings
1 series
first heard Jul 2017
last heard Dec 2022
Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.
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Appearances
You're not thinking about my turning over my card now and inserting my card at the terminal, at the point of sale terminal, it's going to result in this merchant being charged two, three or more percent in a fee.
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But that is what's happening ultimately when we shop with our credit cards.
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The goal, at least, is to find a fairly easy way where this crucial data point that would tell lenders whether or not loan applicants have been paying their rent on a monthly basis.
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Essentially, Fannie Mae is making it easier to do that for the lenders.
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Great to be speaking with you.
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So Fannie Mae's underwriting tool will help lenders to identify rent payments within people's bank accounts.
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So the idea is basically that there will be an easy way to pinpoint what recurring payments coming out of a person's bank account
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is the rent payments that the loan applicant has been making.
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So the point here is to basically find a fairly easy, the goal at least is to find a fairly easy way where this crucial data point that would tell lenders whether or not loan applicants have been paying their rent on a monthly basis, essentially Fannie Mae is making it easier to do that for the lenders.
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So rent has been very tricky with regards to using rental payment information as a way to underwrite consumers for loans, including mortgages.
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So Fannie Mae doesn't require that lenders consider rent history.
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If a borrower has a credit report and credit score,
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that meet the company's criteria.
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But the issue here has long been the fact that credit reports often do not include rent payments.
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And that essentially means that since they're not in credit reports, they're not going to be reflected in credit scores because credit scores are based off of the information in people's credit reports.
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There's kind of been this sort of ongoing issue here where
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The problem starts with the rent data not appearing in most people's, most renters' credit reports.
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Some landlords do report, but most do not report that payment data, especially the positive payment data that would show that somebody has been paying on time on an ongoing basis.
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So what's happening at Fannie Mae is part of a broader effort, not just within the mortgage sector, but elsewhere in consumer lending to essentially pinpoint data that is left out by credit reports and credit scores.
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that could essentially help lenders to better determine whether people are a safe bet to extend credit to.
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Showing 981–1000 of 3,396 · page 50 of 170
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