"Credit Invisibility" to Become a Thing of the Past? Millions of Americans have been living in financial limbo, unable to access credit or secure loans due to a lack of credit history. Known as "credit invisible," these individuals have been forced to rely on expensive alternatives or even forgo big-ticket purchases altogether. But a potential shift in government policy could be about to change the game, with far-reaching implications for the nation's mortgage market. Experts predict that a proposed change could unlock hundreds of billions of dollars in new mortgage originations, giving millions of Americans the financial freedom they've been denied for so long.
A government change could tip the scale for millions of "credit invisible" Americans and spur hundreds of billions in new mortgage originations.