Under FNMA rules for buying home mortgages,FNMA does not purchase a borrower's mortgage if the borrower's credit report is more than 45 days old.

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There are no FNMA rules that specifically state that they will not purchase a borrower's mortgage if their credit report is more than 45 days old. However, FNMA does require lenders to obtain a credit report that is "no more than 120 days old as of the note date." That being said, the age of the credit report is not the sole determinant of whether FNMA will purchase a borrower's mortgage.

Under FNMA Rules for Buying Home Mortgages,FNMA Does Not Purchase