Equifax error might have harmed (or helped) mortgage applicants – Robert Khodadadian

An error from Equifax resulted in erroneous credit scores being sent to a variety of lenders, potentially affecting the interest rates of borrowers or even resulting in their applications being denied. Equifax provided wrong scores for millions of consumers for three weeks from mid-March to early April, the Wall Street Journal reported. The incorrect scores — sometimes off by 20 points or more — went to JPMorgan Chase, Wells Fargo and others. At one bank,

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, credit scores, fannie mae, freddie mac, Mortgages The Real Deal New York Read More