Mortgage Navigator • Conventional • Credit & AUS
Mortgage late payments
A mortgage late is not just a credit-score issue. Recency and severity can create separate eligibility rules.
Credit-risk impact
Fannie requires review of payment history and treats recent delinquencies as higher risk than older isolated events. DU specifically analyzes mortgage delinquency information in the credit report and can issue eligibility messages based on prior mortgage history.
30, 60 and 90-day lates are not equal
Severity, frequency and recency matter. A single older 30-day late is a different profile from repeated recent mortgage delinquencies or a 60/90-day event.
Agency Difference: DU and LPA can react differently to the same recent mortgage history. The correct workflow is to review the agency's current prior-mortgage-payment rules and the actual AUS feedback—not use a generic “one late is okay” rule.
Official guide baseline
Fannie Mae Selling Guide · Freddie Mac Seller/Servicer Guide
Agency guide and AUS findings control over summaries. Lender and mortgage-insurer overlays may be more restrictive.