Fannie Mae uses Blend rent payment data in credit access expansion push


FILE PHOTO  Fannie Mae headquarters is seen in Washington DC U.S. on February 21 2014.  REUTERSKevin Lamarque

FILE PHOTO: Fannie Mae headquarters is seen in Washington, DC, U.S. on February 21, 2014. REUTERS/Kevin Lamarque

(Reuters) - U.S. housing finance giant Fannie Mae has started integrating data from digital banking startup Blend Labs Inc. into its underwriting program to make it easier for lenders to evaluate a borrower's rental payment history when approving a home loan.

Fannie's effort to include rental payment history in the loan approval process comes as President Joe Biden's administration pushes to improve access to credit and address inequities in the housing system.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In