credit report: As of June 1st, a credit report will be pulled right before closing. A MUST READ! - 05/17/10 02:54 AM
Fannie Mae has announced that as of June 1st a new credit report will be required before closing.  This is so the underwriter knows if any new credit was opened or applied for.  If a new credit pull or inquiry is found, it will need to be documented.  Keep in mind that this will be painful since it may take days to track down the proof it was or wasn't opened.  And also what the payment of this new credit account is.  Since this credit check is happening right before closing a worse case scenario is the closing being delayed.  Or … (5 comments)

credit report: Is that credit report really FREE??? - 04/06/10 04:18 AM
For quite some time there has been companies marketing that you can get a free credit report.  But that report is not always free.  Many of these companies then offer other services once you applied for their free credit report.  Services such as credit monitoring, credit repair, etc.  Worse is that you may have to put in your credit card info to get the report, leading to you getting billed for other services.  With the new CARD Act of 2009, companies must now put "THIS NOTICE IS REQUIRED BY LAW. Read more at FTC.GOV. You have the right to a free credit … (2 comments)

David Krichmar, ( - Legend Lending) Rainmaker large

David Krichmar

Sugar Land, TX

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Address: Serving Harris, Fort Bend, Montgomery, Brazoria County, Houston, Katy, Sugar Land, Pearland, The Woodlands or anywhere in Texas!

Office: (832) 689-6012

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