Monday, March 27, 2006

Insurers pushed to note credit information

Insurers pushed to note credit information

Do you want to know when errors or omissions in your credit files raise your monthly mortgage payments by hundreds of dollars? Of course you do. But under current mortgage industry practices, you may not get even a hint of payment boosters that may be lurking when you apply for a low-down-payment loan that requires mortgage insurance. That's because mortgage insurers generally have not issued what are known as ``adverse action'' notices when they double or triple monthly premium charges because of...


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