Mortgages are now available for borrowers without credit scores

Weird how this isn't what the article is saying at all

For the better part of this decade, there’s been a movement afoot to try to get the two main sources of mortgage financing, Fannie Mae and Freddie Mac, to begin using newer credit scoring models that use factors like a person’s bank account history or utility payments as a consideration when determining their creditworthiness.
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I get you're trying to get a rise out people who are still licking their wounds from 2007 but to be honest you didn't even try.

“Of course, the Non-Traditional Credit Program is ideal for borrowers who only use cash, debit, or personal checks on a regular basis. But it’s also designed for those who have had credit cards or loans in the past, but who haven’t utilized credit in more than two years,” Newby added. “Also, recent immigrants who haven’t yet established a credit score in the United States could benefit from this program, as well as young adults and recent college graduates who are just beginning to build their credit.”
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So we are lending to people who are probably more responsible with money (cash only) and don't utilize credit.

The pervasiveness of credit use indicating financial intelligence is why we keep having huge financial collapses. It makes no sense to punish people who don't use credit (which is wise).

TL;DR: new credit score model includes things that really don't matter towards credit worthiness like regular payments to the utility company (not lent on credit) or bank account history (not lent on credit). Lenders are looking to lend to people who do not utilize credit. Just a bunch of FUD, move on.
 
You have to cleaning up a checkered credit history can help consumers enhance their credit scores, which in turn can improve their standing in the eyes of lenders and potential employers. It’s best to quickly repair credit scores and pay down outstanding debt.
 
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