This page features current credit score and credit reporting issues monitored by our legislative and regulatory policy staff.
On September 8, 2014, NAR submitted comments to FHFA on its proposed draft Private Mortgage Insurer Eligibility Requirements (PMIERs) for companies that insure mortgage loans owned or guaranteed by Fannie Mae and Freddie Mac. The proposed requirements are important to NAR members as private mortgage insurance is often required for borrowers with down payments less than 20 percent. In its letter, NAR focused on three points:
Credit Scoring Resources
Federal Reserve Webinar: Addressing the Credit Impacts of Foreclosure
Frequently Asked Questions: FICO Score (PDF: 289 KB)