Released: October 24, 2009

Old credit disputes can scuttle loan

Source: Kenneth R. Harney, Washington Post (Free Registration)

Could a little-known and potentially controversial practice by mortgage giants Fannie Mae and Freddie Mac kill or stall your next loan application? Absolutely.

Picture this scenario: You’ve got outstanding credit scores close to 800 and solid equity in your home. All you want is to refinance your current mortgage to take advantage of today’s rock-bottom interest rates.

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