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How does a mortgage modification affect the borrowers FICO score?

April 26, 2017affect borrower fico score modification mortgage

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How does a mortgage modification affect the borrowers FICO score?

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10 Posted

FICO credit scores are calculated from the information in consumer credit reports. Whether a loan modification affects the borrower’s FICO score depends on whether and how the lender chooses to report the event to the credit bureau, as well as on the person’s overall credit profile.