[toomuchtodo]

There is a lot of opportunity in issuing credit to folks with thin or no credit files where you can rely on other signals to determine creditworthiness, and it’s win win. The lender makes a profit, and the borrower is able to obtain credit they otherwise wouldn’t be able to, or credit at a lower cost.

[crate_barre]

So I’ve heard but for the thing that really matters, renting and certainly buying a home, you are more or less fucked (at least for the 7 years they put you in financial jail).

[NovemberWhiskey]

That's certainly not true. I relocated to the U.S. in 2015 with zero credit history, and was able to get a jumbo mortgage in 2016 because I worked with a lender that was willing to look beyond a credit file with zero seasoned tradelines.

[crate_barre]

Will take a reference if you have one.

[toomuchtodo]

The mortgage banking origination pipeline, mortgage backed securities, and the housing/wage macro situation is a topic onto itself.