Should Loan Modifications Hit Homeowner Credit Scores?

Tuesday, 20 Jul 2010 | 7:13 AM ET

Struggling homeowners who get a loan modification soon discover an unintended consequence: a lower credit score.

Rep. Jackie Speier, D-Calif., thinks that's unfair and is introducing a bill to protect homeowners.

What do you think? Should a mortgage modification impact a homeowner's credit score?

Share your opinion:

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