Sen. Nelson slams regulators, credit bureaus for short-sale confusion

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Dowd is a Washington attorney at Akin Gump. He represented John McCain when the senator was investigated for his involvement in the "Keating Five" scandal in the 1980s. Initially a top fundraiser for.


Senator on a Mission to Change the Way Short Sales affect credit reporting. nelson said that short sales are now often reported to the credit agencies using the same code that designates a completed foreclosure. In letters sent earlier this month to Edith Ramirez, Chairwoman of the Federal Trade Commission (FTC) and Richard Cordray,


Kirsten Gillibrand is the junior United States Senator from New York and a member of the Democratic Party.Formerly a member of the united states house of Representatives from the generally conservative 20th congressional district, she was appointed to the Senate in 2009, representing a generally liberal state.

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Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved. I recently went through a short sale to get rid of my home. I realize this is bad for my credit but I had no idea it was going to show up as a foreclosure. That can’t be correct.. by Sen. Nelson is.

Credit purchases for personal needs other than for home mortgages–this can include anything from an auto loan to credit card debt Open credit or revolving credit A line of credit that you can use and then pay back at whatever pace you like so long as you pay a minimum balance each month, paying interest on the unpaid balance

The Postal Service runs out of stamps and doesn’t have the cash or credit to print more. Congress immediately accepts the offer, over the objection of Sen. Bernie Sanders (I-Vt.). The deal closes.

The credit bureaus are considering the creation of a new code for short sales, but it could take up to two years for such a code to roll out into the marketplace, said Stuart K. Pratt, president.

By Kurt R. Karst – . On June 22nd, Senator Bill Nelson (D-FL) introduced S. 1315, the "Drug Price Competition Act of 2009." (At this point we have a copy of the discussion draft; however, we understand that it is the same as the version of the bill introduced yesterday.) The bill would amend the definition of "first applicant" at FDC Act 505(j)(5)(B)(iv)(II)(bb) with respect to.