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Loan Modification

: The Truth About Mortgage.com

New Credit During Mortgage Application Process a No-No

By scot184

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In an effort to improve the underwriting quality of home loans delivered to mortgage financier Fannie Mae, lenders will be required to take a closer look at your debt obligations beginning next month. Come June 1, lenders will be directed to ?review and evaluate the ?inquiries? section of the borrower?s credit report to determine if the [...]

Full post as published by The Truth About Mortgage.com on May 05, 2010 (boomark / email).

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