What’s trending? How about your credit report.

2014-06-20_0758Fannie Mae is introducing a new format for credit reports called “trending credit data”. ¬†Typically a credit report shows more of a snapshot of what someone’s credit looks like today with late payments as a summary, more or less. Fannie Mae’s “trending” report will actually show a detailed 24 month history of each payment and the balance of that account for every month for the last 24 months. [Read more…]