Fannie Mae lowers mortgage risk with new credit scoring system

Fannie Mae is rolling out new initiatives that will make it easier for some borrowers to get a mortgage. The GSE is now requiring lenders to use trended data when underwriting single-family borrowers through Desktop Underwriter, a move that TransUnion said could increase the number of people in the Super Prime risk tier from 12% of the population to nearly 21%. Click the headline to read more.