Clearing the path to homeownership for renters
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 23 April 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
The Trump administration announced a big change in how people's credit is assessed when applying for mortgages. Instead of only using FICO scores to prove creditworthiness, prospective homebuyers can now use a separate score model — one that considers things like rent and utility payment history — when applying for loans from mortgage lenders, including Fannie Mae and Freddie Mac. Also on the show: discussions of the market's bullishness and plans for a graduate degree in a tumultuous job market.
Transcript
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| 1:01.1 | It might be getting a little easier to get a mortgage. |
| 1:05.9 | From Marketplace, I'm Sabrina Beneshaw in New York. |
| 1:08.6 | The Trump administration announced a big change in how |
| 1:11.7 | people's credit is assessed when they apply for mortgages. Lenders can now consider whether you've been |
| 1:17.3 | paying your rent on time. Marketplaces, Nancy Marshall-Genzor reports. For years, would-be home buyers could |
| 1:23.3 | only prove their creditworthiness through FICO scores, which included their track records on |
| 1:28.3 | things like credit card and car loan repayments. But that's not the whole picture, says Scott Turner, |
| 1:34.0 | Secretary of the Department of Housing and Urban Development. New models include rental history, |
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