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6.1.7 Credit Report Requirements
PHH requires the following with respect to borrower credit reports:
A credit report is required for each borrower on the loan application. The credit report must be no more than 120 days old on the date the Mortgage Note is signed. The credit...
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Resources > FAQ > CHAPTER-6-CR-EDIT-POLICY-AND-UNDE-RWRI-TING > 6-1-1-Complete-Applications-Required > 6-1-7-Credit-Report-Requirements

6.1.8 Credit Inquiries
If a credit report indicates that a creditor has made an inquiry into the borrower’s credit in the past 120 days, the Client must determine if such credit was granted and if so, must consider the additional debt in qualifying the borrower.

Resources > FAQ > CHAPTER-6-CR-EDIT-POLICY-AND-UNDE-RWRI-TING > 6-1-1-Complete-Applications-Required > 6-1-8-Credit-Inquiries

6.2 Agency Underwriting Guidelines
For underwriting requirements, refer to the following Agency references.

Resources > FAQ > CHAPTER-6-CR-EDIT-POLICY-AND-UNDE-RWRI-TING > 6-3-Agency-Underwriting-Guidelines > 6-3-Agency-Underwriting-Guidelines

6.2.1 Fannie Mae Selling Guide
Refer to the Fannie Mae Selling Guide for guidelines and requirements.

Resources > FAQ > CHAPTER-6-CR-EDIT-POLICY-AND-UNDE-RWRI-TING > 6-3-Agency-Underwriting-Guidelines > 6-3-1-Fannie-Mae-Selling-Guide

6.2.2 Freddie Mac Conforming Guide
Refer to the Freddie Mac Single-Family Client/Servicer Guide for guidelines and requirements.

Resources > FAQ > CHAPTER-6-CR-EDIT-POLICY-AND-UNDE-RWRI-TING > 6-3-Agency-Underwriting-Guidelines > 6-3-2-Freddie-M-ac-Conforming-Guide