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Fair Credit Reporting Referral
Shannon, the lender's refusal to do a rapid rescoring based on
post-bankruptcy proof of payment is an internal underwriting matter, not
FCRA. There is no law requiring a lender to consider any particular piece
of information, so I'd say your client is going to need to look elsewhere
for financing.
Jay
On Jul 27, 2012 11:00 AM, "Shannon Doyle" wrote:
> **
>
>
> Potential client is unable to get a government refinance on her home
> because her mortgage company is not reporting current mortgage payments due
> to a prior Chapter 7 (in '08) with no reaffirmation of the mortgage. She
> provided a payment history of her mortgage to the new lender but they won't
> consider it for credit score purposes. If anyone handles Fair Credit
> Reporting and this is some sort of violation, I can refer the potential
> client to you. ****
>
> ** **
>
> ** **
>
> Shannon A. Doyle****
>
> Attorney at Law****
>
> [image: small logo]****
>
> 100 N. Barranca Avenue, Suite 250****
>
> West Covina, CA 91791-1600****
>
> Tel: (626) 646-2555****
>
> Fax: (626) 332-8644****
>
> www.blclaw.com ****
>
> ** **
>
>
Shannon, the lender's refusal to do a rapid rescoring based on post-bankruptcy proof of payment is an internal underwriting matter, not FCRA.information, so I'd say your client is going to need to look elsewhere for financing.
Jay
On Jul 27, 2012 11:00 AM, "Shannon Doyle" <sdoyle@blclaw.com> wrote:
Potential client is unable to get a government refinance on her home because her mortgage company is not reporting current mortgage payments due to a prior Chapter 7 (in '08) with no reaffirmation of the mortgage. She provided a payment history of her mortgage to the new lender but they won't consider it for credit score purposes. If anyone handles Fair Credit Reporting and this is some sort of violation, I can refer the potential client to you.
The post was migrated from Yahoo.
Potential client is unable to get a government refinance on her home
because her mortgage company is not reporting current mortgage payments
due to a prior Chapter 7 (in '08) with no reaffirmation of the mortgage.
She provided a payment history of her mortgage to the new lender but
they won't consider it for credit score purposes. If anyone handles
Fair Credit Reporting and this is some sort of violation, I can refer
the potential client to you.
Shannon A. Doyle
Attorney at Law
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791-1600
Tel: (626) 646-2555
Fax: (626) 332-8644
www.blclaw.com
The post was migrated from Yahoo.