Good Morning,
Fannie Mae is adding a wrinkle to their loan process starting June 1st.
They will begin running a last minute credit report on the borrower just before closing.
The reason they are doing this is to see if you have applied for any new credit during the loan process.
...The lesson here is not to apply for any new credit (if you were planning on doing so) until your loan is closed and funded.
Thanks for reading, and have a great day!
Brett
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