<description>&lt;p&gt;Understanding Recent Changes in Credit Scores and Mortgage Terms&lt;/p&gt;&lt;p&gt;In this episode of the Paper Trail podcast, Chris discusses two significant topics affecting the note investing space: the potential for 50-year mortgages and changes in the Fannie Mae and Freddie Mac credit score requirements. The host explains how the removal of the 620 credit score floor could impact loan qualification and why the idea of 50-year mortgages may not gain widespread traction. Emphasizing the importance of understanding the 'rules of the game,' the host advises investors to stay focused on their business fundamentals and not get distracted by industry hype and external chatter.&lt;/p&gt;&lt;p&gt;00:00 Introduction and Episode Overview&lt;/p&gt;&lt;p&gt;01:01 Credit Score Changes and Their Impact&lt;/p&gt;&lt;p&gt;03:18 The 50-Year Mortgage: Pros and Cons&lt;/p&gt;&lt;p&gt;06:03 Focus: The Key to Successful Investing&lt;/p&gt;&lt;p&gt;11:15 Understanding the Rules of the Game&lt;/p&gt;&lt;p&gt;19:55 Conclusion and Final Thoughts&lt;/p&gt;</description>

The Paper Trail

Chris Seveney

E345 | 50-Year Mortgages & Credit Score Rules: What Note Investors Should Know

NOV 12, 202521 MIN
The Paper Trail

E345 | 50-Year Mortgages & Credit Score Rules: What Note Investors Should Know

NOV 12, 202521 MIN

Description

Understanding Recent Changes in Credit Scores and Mortgage TermsIn this episode of the Paper Trail podcast, Chris discusses two significant topics affecting the note investing space: the potential for 50-year mortgages and changes in the Fannie Mae and Freddie Mac credit score requirements. The host explains how the removal of the 620 credit score floor could impact loan qualification and why the idea of 50-year mortgages may not gain widespread traction. Emphasizing the importance of understanding the 'rules of the game,' the host advises investors to stay focused on their business fundamentals and not get distracted by industry hype and external chatter.00:00 Introduction and Episode Overview01:01 Credit Score Changes and Their Impact03:18 The 50-Year Mortgage: Pros and Cons06:03 Focus: The Key to Successful Investing11:15 Understanding the Rules of the Game19:55 Conclusion and Final Thoughts