http://www2.timesdispatch.com/business/business/2010/dec/18/TDBIZ02-mortgage-shoppers-will-be-given-credit-sco-ar-723760/
Starting January 1, 2011, lenders will be required to disclose additional information to home buyers shopping for mortgages. Mortgagee's will be given "a mandatory alert on how their credit scores might affect the rate quote and terms they receive from their lender...alerting applicants when negative information in their credit-bureau files triggers hgiher rates or adverse terms," this new policy will allow applicants time to make informed decisions before commiting to any offers.
Saturday, December 18, 2010
Mortgage Shoppers Get Mandatory Alert
Posted by pmgee84 at 1:52 PM
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