TheSlaondog Wrote:
Nov 06, 2012 1:32 PM
The first guideline was the lack of proper credit history shouldn't be counted as a negative factor for potential homebuyers. Banks could use other evidence to assess the borrower's payment habits, including the timely payment of rent, utility bills, and other scheduled loans. Borrowers still need to prove that they're reliable; they're just allowed to use documentation besides a credit report.