From BE100 Member Robyn Rosenbach:
The Equifax Breach - How Will it Affect My Mortgage Rate?
Big news this week was the theft of 143 million consumers' personal data from national credit bureau Equifax. I encourage you to review the following article from the Washington Post as it details some potential disruptive consequences to the home buying mortgage process for all lenders across the country.
Click here for the full article.
A few key excerpts:
The odds are that some of your sensitive information was stolen — possibly your address, Social Security number, driver’s license and credit card numbers.
Roughly two-thirds of consumers are potentially at risk from the breach
Cyber thieves [can use the combination of data to] “create a more credible fake ID” [to fool lenders] Advise consumers to “lock down your files” with fraud alerts or credit-file freezes
Several helpful links additional links:
Check your three credit reports free at annualcreditreport.com and see whether anyone has been tampering with your accounts
|ABout Robyn Rosenbach:
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