Link: http://www.nwlmc.com
Bill Black - CMP
Sunday, November 1, 2009
“I have perfect credit and I am not
late on my mortgage but I really need to get a lower payment so if I was
offered a federal home loan modification how will this affect my credit
score?”
This is currently one of the most asked questions states
Kathleen Jamal, Operations Manager at the NW Loan Modification Center
in Vancouver, Washington that specializes in default solutions with an
emphasis on the Home Affordable Modification Program (HAMP). One of the
key processes that NW Loan Modification Center includes in their home
modification program after the modification has been implemented is a
credit analysis to verify that the credit agencies have the most
accurate information based off the new guidelines.
http://nwlmc.com/blogs/index.php/mortgage_modifications/fico-to-ignore-the-impact-of-a-home-loan-modification-if-reported-accurately