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· Fishman’s comments came a day after the U.S. Attorney’s Office filed a civil complaint that says Hathaway and her husband, attorney Michael Kingsley, transferred a home in Windermere, Fla. to Kingsley’s daughter before seeking a short sale of a home in Michigan. That short sale allowed Kingsley and Hathaway to erase nearly $600,000 in mortgage debt on the $1.5-million house in Grosse.
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Fannie Mae’s policy change came after months of prodding by the federal Consumer Financial Protection Bureau, Sen. Bill Nelson (D-Fla.), the National Consumer Reporting Assn., the National Assn.
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Senator on a Mission to Change the Way Short Sales Affect Credit Reporting. Nelson said that short sales are now often reported to the credit agencies using the same code that designates a completed foreclosure. In letters sent earlier this month to Edith Ramirez, Chairwoman of the Federal Trade Commission (FTC) and Richard Cordray,
Sen. Bill Nelson wants regulators to fix a "disturbing" credit-reporting quirk that is torching the credit of people who sold their homes in short sales.
Get in the supermarket, shop as you do in your real life to enjoy the best cahier game. super mall game withdraw money from ATM, pick the shopping cart and pick products from the grocery shelves.Sen. Nelson slams regulators, credit bureaus for short-sale confusion The credit bureaus are considering the creation of a new code for short sales.
The Nation’s Housing: Short Sales listed as foreclosures on credit reports- Washington Post/Tampa Bay Times- 5/18/13. Sen. Nelson slams regulators, credit bureaus for short-sale confusion- Tampa Bay Times 5/14/13 Lack of Short Sale code in Credit reporting system creating hardship for Many Consumers- National Mortgage Professional 3/11/13