Fannie Mae Will Now Allow Rent Payments To Be Considered In Mortgage Applications03:41

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Starting Saturday, bank loan company Fannie Mae will allow rent payments to be considered in mortgage applications.

Rent payments haven't been a factor when it comes to qualifying for a mortgage for a long time, making this a major change with huge benefits for prospective homebuyers.

Here & Now's Tonya Mosley talks with Mike Regan, senior editor of Bloomberg News.