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Mortgage Defaults on Credit Report - What impact will they have?

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Mortgage Defaults on Credit Report - What impact will they have?

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Mortgage should be changed during, not after, divorce

Q: If I file a quitclaim deed on the home that I bought with my ex-husband, will I be relieved of any credit harm? He was supposed to refinance the mortgage after our divorce and take me off it but didn’t. Now he is three months behind on the house payment — and my credit is in the toilet.

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Mortgage should be changed during, not after, divorce

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Mortgage holders with variable rates not fazed

Diana Dobrusevski isn’t losing any sleep over rising interest rates — in fact the first-time homeowner who secured a discounted variable rate mortgage just before the credit crunch hit says she’s confident her choice will keep saving her money.

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Mortgage holders with variable rates not fazed

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British mortgage approvals rise

British mortgage approvals rose slightly more than expected in April but net mortgage lending growth lagged, data showed today, suggesting the housing market would stay subdued in coming months.

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British mortgage approvals rise

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Instant View - Mortgage approvals up in April 

Mortgage approvals rose slightly more than expected in April, but net mortgage lending growth slowed and consumer credit fell for the first time since November, Bank of England figures showed on Wednesday.

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Instant View - Mortgage approvals up in April 

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Variable rate mortgage holders unphased by moderate interest rate hikes so far

TORONTO - Diana Dobrusevski isn’t losing any sleep over rising interest rates — in fact the first-time homeowner who secured a discounted variable rate mortgage just before the credit crunch hit says she’s confident her choice will keep saving her money.

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Variable rate mortgage holders unphased by moderate interest rate hikes so far

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Equifax Empowers Mortgage Lenders to Identify Undisclosed Debt During Underwriting Process

Equifax Inc. announced today the launch of a breakthrough mortgage solution to help lenders comply with Fannie Mae’s updated policy regarding borrower liabilities. Undisclosed Debt Monitoring is the mortgage industry’s first platform to monitor for and notify financial institutions of new accounts and borrower activity initiated during the “quiet period” â a historical blind spot for lenders.

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Equifax Empowers Mortgage Lenders to Identify Undisclosed Debt During Underwriting Process

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Christian Financial Expert Releases Do-It-Yourself Mortgage Modification Kit

DAYTONA BEACH, Fla., May 24 / Christian Newswire / — James L. Paris, the Founder and CEO of Christian Internet Income.com ( www.christianinternetincome.com ), a website dedicated to helping Christians realize greater financial freedom from creating their own Internet-based businesses, announces the release of his own proprietary do-it-yourself mortgage modification …

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Christian Financial Expert Releases Do-It-Yourself Mortgage Modification Kit

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Most homeowners in poll say they wouldn’t abandon their mortgage

Nearly 60 percent of homeowners with a mortgage would not consider “walking away” from their loan and home no matter how much their home is “underwater,” according to a new survey by three research firms.

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Most homeowners in poll say they wouldn’t abandon their mortgage

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How Mortgage loan modification could effect your credit scores

A mortgage loan modification can prevent foreclosure but inevitably will damage your credit.

Homeowners struggling to make their house payments may seek a mortgage loan modification in hopes of avoiding foreclosure and protecting their credit score. However, loan modifications also take a toll on those scores.

In theory, a loan modification should be a mutually acceptable solution to an out-of-control mortgage debt. The homeowner gets a workable payment schedule and the lender gets at least some of its loan repaid.

In practice, it’s not that simple.

Sometimes the credit damage in the mortgage modification process comes from a lack of coordination between the bank’s loan mitigation department — which works with mortgage holders to modify their loans — and the foreclosure department.

If a loan modification has damaged your credit, there are ways to shore up your credit score. But you’ll need a professional’s help.

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Mortgage loan modification and credit scores

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