General World News

Freddie Mac: Equifax glitch may have impacted 12% of credit reports in three week period

Equifax informed Fannie Mae and Freddie Mac last week that a “coding issue” may have resulted in erroneous consumer credit scores and credit data the company reported for about three weeks.

It is not clear how many of Fannie Mae’s acquired mortgage loans were potentially impacted, but the problem could have affected credit data from March 17 to April 6. Freddie Mac said in a letter to lenders that the error “may have impacted” 12% of credit reports issued during this period.

“Any lender that received credit report data directly from Equifax online or via a third-party consumer details ⇒

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