There are two big changes for borrowers this month, that should make it easier for millions of people to get home loans. One change is coming from the three big credit reporting agencies. The other is coming from Fannie Mae and Freddie Mac. If you have had trouble qualifying for a loan, these changes may give you the break you’ve been waiting for.
Starting this month, credit reporting agencies Equifax, TransUnion, and Experian will eliminate some tax liens and civil judgments from many of their customer profiles. It’s part of an initiative called the “National Consumer Assistance Plan” to improve the accuracy of credit reports.
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