Education

How Forbearance Impacts Loans

How Forbearance Impacts Loans

What Does Forbearance Mean for the Mortgage Industry As we’ve all seen recently, regulators and the GSEs are focused on creating policies and guidance to help borrowers impacted by COVID-19 while maintaining liquidity.  Unfortunately, a growing volume of consumers continue to be impacted. While the CDIA provided guidance on data…

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How to Read a Credit Report

How to Read a Credit Report

Credit reports aren’t the easiest piece of information to read and it’s a layout that the industry isn’t going to revamp any time soon. Luckily, our credit reports are designed to be simple to review and interpret. We’ve accumulated numerous formats because we continue to create custom layouts that fit…

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Your Rights Under the Fair Credit Reporting Act

Your Rights Under the Fair Credit Reporting Act

The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (agencies that sell information about check writing histories, medical records, and rental history records)….

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