Sen. Nelson slams regulators, credit bureaus for short-sale confusion

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By Kurt R. Karst – . On June 22nd, Senator Bill Nelson (D-FL) introduced S. 1315, the "Drug Price Competition Act of 2009." (At this point we have a copy of the discussion draft; however, we understand that it is the same as the version of the bill introduced yesterday.) The bill would amend the definition of "first applicant" at FDC Act 505(j)(5)(B)(iv)(II)(bb) with respect to.

The Points Guy I am founder and CEO of TPG, need I say more? Email Editorial disclaimer: opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved. I recently went through a short sale to get rid of my home. I realize this is bad for my credit but I had no idea it was going to show up as a foreclosure. That can’t be correct.. by Sen. Nelson is.

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Senator Nelson pushes for reform of "short sales" on credit reports June 25, 2013. Homeowners who used short sales find their credit sunk by computer glitch june 12, 2013 Sen. Bill Nelson in Tampa today for talks with short-sale officials May 28, 2013. sen. nelson slams regulators, credit bureaus for short-sale confusion May 14, 2013

Credit Reporting. Your credit report affects your ability to get a loan as well as the interest rate you will be required to pay. Congress has passed credit reporting legislation to give you access to your credit information and to protect you from unfair, fraudulent, or deceptive credit practices. These laws make it possible for you to.

Back-end ratio, or debt ratio: The amount you pay in monthly debt (credit cards, student loans, etc.). Balloon (payment) mortgage: Usually a short-term fixed- rate loan which. Bill of sale: A written document that transfers title to the property. A regulatory and supervisory agency for federally chartered savings institutions.

Dodd-Frank by lobbying regulators to delay or weaken rules, by suing. foreign financial conglomerates and reduce the availability of credit to. Bureau in 2011 “); joe Nocera, Why People Hate the Banks, N.Y. TIMES, April 3, 2012, 2007 because of foreclosure or a short sale, in which a property.

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