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Loan Modification

: The Truth About Mortgage.com

Bill Aims to Eliminate Loan Mod Credit Score Hit

By scot184

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A bill introduced by California Congresswoman Jackie Speier earlier this month aims to protect the credit scores of homeowners who accept loan modifications. Currently, even on-time modified mortgage payments are treated as ?delinquent? or ?incomplete? by the banks and lenders who extend the relief. As a result, homeowners who accept the terms of a loan modification may [...]

Full post as published by The Truth About Mortgage.com on July 26, 2010 (boomark / email).

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