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< The Mortgage Credit Report

Credit History

The credit bureaus collect data on all loan activity that is reported, which is used to compile your credit history. The credit history is the key to utilizing the past as a predictor of future behavior. All accounts, whether current or closed are filed with specific information regarding your account activity.


Date of last activity

Date opened

Date last reported

Monthly payment

Credit limit or original opening balance

Date the account was last delinquent (if ever)

Number of months reported

History of past due instances (if any)

The type of account -

Mortgage

Installment loan

Revolving loan

Open, 30 day charge

Line of credit

Status of the account -

0 – too new to rate

1 – current

2 – 30 days past due

3 – 60 days past due

4 – 90 days past due

5-120 days past due

6 - 150 days past due

7 – bankruptcy or wage earner plan

8 – foreclosure or repossession

9 – charged off or collection item

U – unrated


ECOA code – The responsible party-

Not identified by the creditor

Individual account

Joint account

Authorized to use another’s account

Shared joint account

Co-maker

Co-signer (responsible only in case of default)

Maker, individual account

Terminated, closed account

 

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