Kenneth R. Harney

Kenneth R. Harney

Washington Post Columnist

Kenneth R. Harney can be reached at

Fannie And Freddie Stick With Outdated Credit Scoring

If you’ve been waiting for the long-anticipated news that the two dominant players in the home mortgage arena – Fannie Mae and Freddie Mac – finally have decided to overhaul their outdated credit scoring systems to expand homeownership opportunities for a broader range of consumers, sorry. Your wait just got a lot longer.


Court Penalizes Quicken In Appraisal Case

Quicken Loans arguably has the mortgage industry’s squeakiest-clean image, So it might come as surprise that a federal district court last week levied nearly $11 million in fines and damages against the company for an alleged appraisal tampering scheme by Quicken during the housing boom and bust years in West Virginia.


Big Credit Score Boosts Ahead For Some

If you’ve heard that some people might get a magic boost to their FICO credit scores in the 10-point range – without having to do anything – you’re right. But hundreds of thousands of consumers’ increases will be much larger.


Fannie Mae Eases Burden Of Student Loans

Here’s some good news for homebuyers and owners burdened with costly student loan debts: Mortgage investor Fannie Mae has just made sweeping rule changes that should make it easier for you to purchase a first home or do a “cash-out” refinancing to pay off your student debt.


Tax Reform Could Cost Homebuyers

With the health care bill back-burnered on Capitol Hill, the focus has shifted to tax reform. Among the key financial matters in play: Homeowners’ prized mortgage interest and property tax deductions.