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Your credit score is an important aspect of your financial health and is oftentimes used by lenders, landlords, and even employers to determine your creditworthiness. Hard inquiries , also known as hard pulls, are typically made by lenders and other financialinstitutions and can harm your credit score.
Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community Loan Fund-a Community Development FinancialInstitution (CDFI). Sometimes it’s a foreclosure, increasingly often it’s due to large medical bills,” Pinsky notes. Virtually all the folks we see have low credit scores.
The first of its kind, the strategy examines the phenomenon of financialinstitutions de-risking and its causes, and it identifies those greatest impacted. Department of the Treasury issued the 2023 De-Risking Strategy, as mandated by Congress in the Anti-Money Laundering Act of 2020. For more information, click here.
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. financialinstitutions reported under the Home Mortgage Disclosure Act (HMDA). You may access this interactive tool at [link].
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