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Loan Modification

: The Truth About Mortgage.com

Consumers to be Notified When Credit Score Affects Mortgage Rate

By scot184

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Beginning in 2011 (no, not 2010), consumers will be notified if they receive less favorable terms on their mortgages because of credit imperfections, according to a notice from the Federal Reserve and FTC. Consumers with less-than-stellar credit will receive ?risk-based pricing? notices when applying for mortgages and other types of loans, assuming their credit scores adversely [...]

Full post as published by The Truth About Mortgage.com on December 23, 2009 (boomark / email).

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