New Fannie Mae Program to Help Renters Build Credit

While mortgage payments are reported by lenders to credit bureaus, landlords typically don't report rental payments – and that can hamper renters' ability to build a credit history.

Fannie Mae plans to subsidize the cost for landlords of multifamily properties it finances to help renters build their credit scores, which will benefit historically underserved groups who disproportionately have no credit scores or lower credit scores.