New Housing Policy: Good for Consumers, Worrisome for Lenders
Chicago Tribune, Mar. 7, 2017–Kenneth R. Harney
David Stevens, president and CEO of the Mortgage Bankers Association, said that if tax lien and civil judgment data is suppressed from credit reports, “it’s unclear whether creditors will be able to make informed decisions” about loan applicants. Stevens said that blocking this information will raise some applicants’ credit scores artificially, creating “false positives” that make individuals appear lower risk than they are.
