Fannie Mae Announce Plan To Bolster Renters’ Credit Scores

People who make mortgage payments are reported by lenders to credit bureaus, landlords typically don’t report rental payments, and that can hamper renters’ ability to build a credit history. Fannie Mae plans to subsidize the cost for landlords of multifamily properties it finances to help renters build their credit starting Tuesday , the mortgage giant shared exclusively with USA Today.

Source: USA Today/Mortgage Solutions