- The majority of landlords do not and cannot report rental history, because they lack the resources to set up the data reporting system required by the major credit bureaus. Experian purchased RentBureau, the largest rental history reporting company in the U.S., in 2010 as part of a push to incorporate rent data into credit scoring. In 2011, Experian will report on-time payments only, and then negative and positive data in 2012 and beyond.
- If your rent payments do not appear on your credit report, you could self-report to an alternative credit rating agency.
Archive for the ‘ Home Loan Specialist ’ Category
The Treasury and Obama Administration released the the first iteration of their plan to wind down government-sponsored mortgage behemoths Fannie Mae and Freddie Mac. The plan was not earth shattering by any means. The basic ideas in it are to slowly wind down the involvement of Fannie and Freddie in the mortgage market by about 10% per year over the next few years. It also recommends reducing the loan limits on government-backed loans this Fall. Here are some excerpts from the recent HousingWire article on the subject:
The administration’s plan, sent to Congress by the Treasury Department, calls for continuing to wind down of the GSEs investment portfolio at an annual rate of no less than 10% per year.
The Treasury also wants to see 10% down payments from potential borrowers. …
Difficulty: Moderate
Instructions
- 1
Check with your state’s nurse aide registry to make sure you can work as a nursing assistant without a license. You should also make sure that you meet your state’s requirements for nursing assistants. For example, your state may require that nursing assistants pass criminal offender background checks.
- 2
Verify that the vocational area you desire indeed permits an online certificate. For example, you can likely find a job as a psychiatric nursing assistant without formal education, but if you want to work as a nursing assistant who draws blood or administers medications by injection, you cannot do so without a traditional classroom education.
- 3
Look online for a nursing assistant course.
With the economy showing signs of life lately mortgage interest rates have slowly been creeping higher. While it is still possible to get a 30 year fixed government-backed mortgage at below 5% that window of opportunity may be closing quickly.
While rising interest rates will be met with rejoicing among savers and investors, they are not desirable to folks looking to refinance their mortgages or people who have adjustable rate mortgages now. If you have considered getting an estimate on a refinance to a lower interest rate contact us in the sidebar right away. We may be looking at the recent record low rates through the rear view mirror as soon as this spring.