Mortgage companies are not required to report any mortgage payment. What is sad about this is that most Americans are not aware of this.
Currently there is a loop hole that they are not required to report a payment unless it is a late payment; than they have the option. This hurts the American people and causes their credit report to be a false reflects of creditablity. It is not credit fairness to any American citizen who makes payments on a mortgage or a refinance of a mortgage and the payments are not being reported. This is damaging American Citizen credit in a negative way.
THIS IS WRONG and this practice needs to stop now. The Fair Credit Reporting Act needs to be Amended to reflect it to be required that all mortgage and refiance payments are reported with no exceptions period. If the loan was for a home, it need to be reported.
Who's with me for change and fairness? I hope many are.
The America people have it hard enough, time we get credit for what we are paying for.
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Thank you for your support and GOD bless
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