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Sen. Nelson slams regulators, credit bureaus for short-sale confusion awakened homo: persuader universities The home equity theft reporter: State To Look Into How 10,000 Convicted Criminals Were Allowed To Sell Mortgages In Florida
The confusion arises because the credit bureaus that provide consumers’ data to prospective lenders have no specific code for short sales.. she discovered that her short sale had been.
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Sen. Bill Nelson wants regulators to fix a "disturbing" credit-reporting quirk that is torching the credit of people who sold their homes in short sales.
Senator Bill Nelson Calls for Correction of Short Sale Erroneously Coded as Foreclosure, questioned CFPB of difference between short sale and foreclosure. Senator Claire McCaskill asked Stuart Pratt/CDIA: Why is a short sale being coded as a foreclosure? Blame placed on Fannie Mae and Freddie Mac, but acknowledgment that CDIA is looking at a short sale specific credit code.
The Senate Judiciary Committee's investigation has gone its partisan ways and. than a March 8 comment, where he said Paul Manafort's short jail sentence was fair. The Internet Research Agency, a Russian troll factory in St. Petersburg and.. that Trump would impose sanctions on Russia to "momentary confusion.
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The credit bureaus are considering the creation of a new code for short sales, but it could take up to two years for such a code to roll out into the marketplace, said Stuart K. Pratt, president.
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Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved. I recently went through a short sale to get rid of my home. I realize this is bad for my credit but I had no idea it was going to show up as a foreclosure. That can’t be correct.. by Sen. Nelson is.