Fannie Mae
Won't take loans if consumer disputes credit

Our bank explained they might not agree my mortgage to get a new house (Nov) since despite the fact that I've over an 800 credit score, no late payments and completely quality in most method, Fannie Mae has simply set up an insurance policy where they'll not purchase loans if your credit history exhibits the customer has questioned anything on the credit & even when the credit is ideal. (Traditional mortgage)

Delivered a contact to Fannie Mae to confirm and there reaction is the fact that they've no control within the bank approval process. I responded back the financing exercise is led by Fannie Mae not purchasing loans by using this plan. I inquired when they might clarify the plan or determine it for me personally greater and so I might comprehend. I also stated it appears dishonest or un american to disqualify Americans simply because they concerns anything on the credit. The e-mail response was simply: Contact your bank."

Did Not Americans assist Fannie Mae? Just how can they escape adversely affecting Americans due to the fact we question what's possibly a mistake on anything as affecting like a credit score? They're attempting to consider customer handle out-of our fingers? Exactly why is Fannie Mae allowed to effect great customers with exemplary credit simply because we proactively control our credit? It generally does not appear they're responsible to anybody or do they experience they've to react to customers.

Company: Fannie Mae
Country: USA

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