Credit

Breaking Down Q3 2022’s Mortgage Market Opportunities Report

Sales Boomerang and Mortgage Coach announced the release of the Sales Boomerang’s latest Mortgage Market Opportunities Report. Despite significant year-over-year declines in mortgage volume, the Q3 2022 report showed an increase in Credit Improvement Alerts—signaling the opportunity for lenders to offer timely advice and tailored financial solutions to prospects with newly improved credit scores.

Fannie Mae: Helping Renters Build Credit

Fannie Mae has announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score. Beginning September 27, 2022, eligible multifamily property owners can share timely rent payment data through a vendor network to the three major credit bureaus for incorporation in the renter’s