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#2135175 - 06/21/17 05:13 PM Tax Liens/Civil Judgments not on Credit Reports
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
Tax Lien Judgments no longer on Credit Reports

This is the first I have heard of this. Have there been any discussions about it? My search doesn't turn up anything.
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Lending Compliance
#2135181 - 06/21/17 05:19 PM Re: Tax Liens/Civil Judgments not on Credit Reports swiggles
Cornfed Turtle Offline
Diamond Poster
Joined: Mar 2006
Posts: 1,323
"...Somewhere in Middle Americ...
Got something from Fannie Mae about their expectations. If you sell to them, you may want to check out their news feed. Lender Letter LL-2017-02

Also, google "National Consumer Assistance Plan," to see changes coming for next year.

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#2135232 - 06/21/17 07:55 PM Re: Tax Liens/Civil Judgments not on Credit Reports swiggles
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Not hearing a lot about this yet. I have seen that American Banker, sponsored by LexisNexis, is having a webinar about this on June 28th for which I've registered.
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#2135490 - 06/22/17 09:39 PM Re: Tax Liens/Civil Judgments not on Credit Reports swiggles
luvs2trvl Offline
100 Club
Joined: Apr 2013
Posts: 110
Texas
some will still appear on the reports. Only those where they can't verify 3 of 4 data points (consumer name/address/SSN/ DOB) will be removed.

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#2135646 - 06/23/17 06:38 PM Re: Tax Liens/Civil Judgments not on Credit Reports swiggles
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,750
On the Net
This made the news months ago when it was announced. While I don't disagree with the reasoning, it seems it can open credit to some unworthy applicants. I could be wrong but I don't think it'll be a huge problem, but I believe there will be isolated cases of abuse.
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#2135648 - 06/23/17 06:43 PM Re: Tax Liens/Civil Judgments not on Credit Reports swiggles
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
I guess I am confused as to how this is going to lead to "abuse"?
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