The director of the federal residence President Trump gave a big win to the tenants to buy only one house! , WLT Report

The director of the federal residence President Trump gave a big win to the tenants to buy only one house! , WLT Report

Federal Housing Finance Agency (FHFA) director William J. Pulte handed over only to tenants who want to buy a house.

By now, if you were renting a house, the only thing that went to qualifying for a hostage was your credit score, which does not include the payment of rent till now.

Thanks to a new order from Pulte, that today all changes:

Here are more details according to National mortgage professional,

The mortgage lenders working with Fanny Mae and Freddy Mac can now choose to use the convenience score 4.0, while still holding a triad credit check on the borrowers.

“Effective Today,” William J., Director, Federal Housing Finance Agency (FHFA). Pulte posted on X on X, “Credit score, to increase competition in the ecosystem and with the landslide mandate of President Trump, Sangat, Fanny and Freddy allowed lenders to use 4.0 score for the construction of new infrastructure.

Post credit scoring and mortgage data can indicate real disruption in landscape – lenders working with Fanny Mae and Freddy Mac can now use VantagesCore 4.0, drawing credit from all three major bureau.

“Vantagskore thanked Director Pulte thanks to the Director Pulte, thanks to thanks for focusing their firm attention for implementing the required credit score competition by law and promoting efficiency and strength for Creditworthy Americans,” In a release, Sylvio Thares, president and CEO of Vantagkor, said. Thares said that the decision of Pulte would “bring revolution in the US mortgage market and provide millions of credit Americans a golden opportunity to own their homes.”

The National Morgase Professional said at the end of April that more lenders are checking the creditagescore of borrowers, developed by Experians, Transonians and Equifax. In total, some 41.7 billion Vantagscore Credit Score was used in 2024, which increased from 26.9 billion to 55% in 2023.

After today’s announcement from today’s FHFA, Pulte said in May that the agency will proceed with a plan to change the credit-score requirements for Fanny Mae and Freddy Mac. Pulte has specifically targeted high costs of Fair Isaac Corporation (FICO) credit score, and on Pulte’s declaration, FICO shares have fallen more than 10%.

In the following posts on its first post, Pulte said that the move to allow VantagesCore will bring back the “forgotten Americans” back into the fold, reducing the cost of homeboys.

“We are expanding credit access to millions of forgotten Americans – people who live in rural areas, tenants who pay their rent on time every month – and bring closing costs,” they posted on X, then pinned the post. He also indicated that the cost-saving tricks are working: “If it helps the American consumer, and legal, we should do it,” Pulte posted on 3 July on Thursday evening.

He was President Donald J. Also told Trump, called Vantgaskore “huge”.

“My order will allow us to use their rent to qualify for a mortgage for Americans today (thanks to my boss, potus),” he wrote on X, referring to the treatment of a range of payment types in determining the ideas of Vantgskore 4.0 and determining the creditworthiness. “Credit history will no longer include only credit cards and loans. It is huge.”

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