As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history. But future risk still remains, and much remains undecided about the future of credit scores.
In a credit reporting panel moderated by U.S. Bank’s director of consumer bureau management Cory Patrick, Ethan Dornhelm, vice president of scores and predictive analysis details ⇒
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