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"PRBC Reports comply with Fannie Mae standards for establishing the credit reputations of
manually underwritten borrowers.
This means PRBC reports may provide originators with a practical way to supplement or document creditworthiness and payment histories for thin and no-file borrowers for mortgages that can be sold to Fannie Mae. -- See Fannie Mae Selling Guide Part X, Section 103.04 for details. -- However, it is important to note that Fannie Mae will not purchase mortgages based solely on PRBC Bill Payment Scores (BPS)." -- Fannie Mae |