American Home Mortgage Piggyback' credit histories continue to mislead lenders by Bad Credit Loans Mortgage Refinance Loan London

by Bad Credit Loans Mortgage Refinance Loan London @ Sat, 23 Feb 2008 07:00:03 -0700

WASHINGTON So-called piggyback credit-score inflation schemes for mortgage applicants haven't been reined in despite industry pledges to do so. As a result lenders continue to be misled into treating loan applicants with poor credit as prime-credit candidates worsening already critical fraud and delinquency problems in the mortgage market. For months now, you have been looking at houses and home brochures and you have finally found it - the house that's just right. So now, you're feeling anxious to buy your new home, move in, and get settled. But this is not where your search ends. You still have one more important task to do and that is getting a home mortgage.