Fannie Mae last minute credit check

Fannie Mae Last Minute Credit Report Checks Not Mandatory

August 31st, 2010

Despite the new guidelines laid out in May regarding last minute credit checks before closing, Fannie Mae now says those full reports are not mandatory for banks to pull. Though there are systems in place to check if there have been inquiries into your credit health, and ways to see if there have been new [...]

Fannie Mae Last Minute Credit Report Check

May 22nd, 2010

Beginning June 1, 2010, just before settlement, Fannie Mae will be running last minute credit report checks to ensure borrower's credit has not changed since loan application. Though I tell my clients not to go open lines of credit before settlement, because I know many times there is a spot check, this is a new [...]

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