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3. Evaluating Non Traditional Credit and Insufficient Credit

Change Date

March 29, 2010


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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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