Credit Cards For Less Than Perfect Credit

New credit check requirements cause of concern for mortgage lenders.

Fannie Mae recently introduced a new rule that would require lenders to run an extra credit check on potential borrowers before they closed on their mortgages. That requirement caused some consternation from consumers, and now lenders are also expressing their concern.

According to a report in the Washington Post, because Fannie Mae has been requiring a second check right before closing, many banks have suffered through logistical nightmares. Read the full post