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For many households, rent is the largest recurring monthly expense in their budget. But without rent reporting, even a strong history of on-time payments won't be counted positively toward credit scores.
Entrata Industry Principal Virginia Love sits down with Travis Honaker, Product Development Manager of Multifamily Product Development at Fannie Mae, to discuss how their pilot is working to encourage adoption of this reporting and the benefits for operators and their residents.
For many households, rent is the largest recurring monthly expense in their budget. But without rent reporting, even a strong history of on-time payments won't be counted positively toward credit scores.
Entrata Industry Principal Virginia Love sits down with Travis Honaker, Product Development Manager of Multifamily Product Development at Fannie Mae, to discuss how their pilot is working to encourage adoption of this reporting and the benefits for operators and their residents.
