“The credit building initiative we began with Esusu is helping tens of thousands of renters establish and strengthen their credit scores,” said
To participate in Freddie Mac’s credit building initiative, a vendor will need to:
- Demonstrate that they will only report on-time rent payments to all three credit bureaus at no cost to renters.
- Ensure that renters receive credit for their past rental history.
Freddie Mac will require reporting of up to 24 months of available, prior on-time rental payments. - Have a process in place to avoid negative credit impact when past due rent payments occur.
- Protect renters’ privacy through clear policies and data security practices.
- Work with existing property management software systems and offer platforms that are easy to use for renters and property owners.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT:
(703) 903-3802
Kate_Hartig@FreddieMac.com
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