Mortgage Modifications ‘Insignificant’ to Credit Scores: VantageScore

Restructuring plans on a mortgage, whether in the form a forbearance, modification or short sale, have a relatively insignificant effect on the consumer’s credit score, said Sarah Davies, vice president of VantageScore, at the Loan Modifications Conference now underway in Dallas, Texas. VantageScore measures the generic consumer’s credit score and his or her likelihood of slipping [...]...