3. Evaluating Non Traditional Credit and Insufficient Credit
Change Date
March 29, 2010
4.C.3.aa. Evaluating Non Traditional Credit
When evaluating borrowers with non traditional credit histories, a satisfactory credit history, at least 12 months in duration, must include:
- no history of delinquency on rental housing payments
- no more than one 30-day delinquency on payments due to other creditors, and
- no collection accounts/court records reporting (other than medical) filed within the past 12 months.
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