More home mortgage changes coming. Due to new ECOA guidelines The three ( Equifax, TransUnion and Experian) repositories will no longer report Tax liens and some public debts on credit reports.

Here’s potentially good news for consumers: The nation’s three largest credit-reporting agencies will soon exclude tax liens and some civil debts from their reports.

The change by Equifax, Experian and TransUnion will take effect July 1, as part of a plan to ensure that consumer identifications in the data are accurate and current, the Consumer Data Industry Association, a trade association for the companies, said Monday.

In a revision that could improve consumers’ credit scores, the credit agencies will exclude the tax liens and civil debts if reports on those obligations don’t include a consumers’ names and addresses, as well as Social Security numbers and or dates of birth, the CDIA said. Many liens and most judgments don’t include all of that data, in part because Social Security numbers are often redacted for security reasons.

What this means is a lot of credit scores will increase to make more programs available to borrowers but we will have to run Fraud Guard to make sure liens and or judgments are not filled against them. When we pull a credit report from now on we will also be pulling Fraud Guard to make sure we are OK.

Buck Denton, Sales Manger, Guild Mortgage, 678-765-6961 Ext 101 Office
404-569-2949 Cell

#dor

Our homes are our private havens — the places where we often feel most protected and comfortable; but we still need to remain mindful of the potential safety threats hidden throughout the home. Here’s a look at common household hazards and what you can do to thwart them.

Poisons: Gases, chemicals and medication can all lead to poisoning. Protect family members and pets from colorless, odorless carbon monoxide with a detector on every level of the house. When you use household cleaners, minimize dangerous vapors by venting rooms, and never mix products, as some combinations can produce toxic fumes. Lastly, prevent mishaps with medications by keeping them in original containers and storing them in a secure spot.

Fall hazards: Falls are a risk for all age groups, particularly older adults. Arranging furniture so there’s a clear path and securing carpets can deter trips. Grab bars installed in certain areas, like near the shower, tub and toilet and along stairwells, can also help. And don’t forget a few well-placed night lights, which always come in handy.

Water dangers: Formal swimming lessons, proper barriers and appropriate supervision can minimize accidents in a pool, but drownings are also possible in bathtubs, toilets and buckets. To prevent these less obvious risks, make it a habit to supervise young ones in the bath, keep toilet lids down and empty buckets after each use.

Smoke and fire: Working smoke alarms are a must, but you can also minimize the risk of fire in the first place by extinguishing candles when you leave a room and unplugging small appliances when they’re not in use. Make sure you’re not overloading electrical outlets, and stay attentive when you’re cooking in the kitchen.

Simple prevention is the key to maintaining your home as the personal refuge you expect. Compliments of my friend in the business: Steve Lanier |Mortgage Loan Officer |Southwest Funding; (504) 908-3380

https://fs10.formsite.com/nareb-accountspayable/form12/index.html

The NAREB (The National Association of Real Estate Brokers) Conference – is July 28- August 1, 2017 in New Orleans at the Hotel Intercontinental. The Youth Academy is FREE for our children.

They will be fed 2 meals,  attend Kidpreneur workshops,  field trips for all 3 days. All of this is FREE.  I am the co-coordinator and can invite up to 10 other kids. Sign your children & grandchildren by Friday this week- It is a great way they can learn about our industry:  https://fs10.formsite.com/nareb-accountspayable/form12/index.html