Interesting: having open disputes on credit report prevents mortgage underwriting.

HHM

Senior Member

Bankruptcy Wizard

Joined: Dec 2004

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#1

Interesting: having open disputes on credit report prevents mortgage underwriting.

02-21-2011, 06:14 AM

I didn't know this...

Disputes On Your Credit Report Are A Problem

http://jamesspray.wordpress.com/2011/02/19/disputes-on-your-credit-report-are-a-problem/

Disputes open on your credit report(s) lead to denied approval for a mortgage. Plan ahead to make sure the disputes are closed before applying for a new mortgage.
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SunshineGal

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Joined: Nov 2009

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#2

02-22-2011, 08:17 AM

I'm curious to know which lender denied the loan and further, if it's a company, investor, or actual agency guideline. I can honestly in all my experience in the lending industry I have never had a loan turned down over a dispute on a credit report. Wait...I take that back. A borrower had disputed the mortgage payment and hadn't paid it in 6 months or more and that did kill the loan.
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