Pam Marron Home Lending

Fannie Readies Launch of ‘Trended Data’ Initiative

May 26, 2016 by · Leave a Comment

by Brian Collins, National Mortgage News WASHINGTON — Lenders and credit bureaus are gearing up for Fannie Mae’s June 25 launch of its “trended data” initiative, which provides a new data element to its automated underwriting process. The program provides a snapshot of an applicant’s revolving credit payments in an attempt to better divine a […]

Better Details Needed for FHA Back to Work, Conv “Extenuating Circumstances”

May 6, 2015 by · Leave a Comment

Better Details Needed for FHA Back to Work Program and Conventional “Extenuating Circumstances”   By Pam Marron For past short sellers who have gone through the loss of a home and are eligible to return, criteria needed for a new mortgage is vague. The result is a partial story. Proving “extenuating circumstances” and confining the […]