What does M8 code mean on my credit report?
What does M8 code mean on my credit report?
In my personal credit report with Experian, it does not show code M-8. But when I tried to refinance my primary residence, the local bank had one credit company called CorelLogic to run our credit report and it shows M-8 code on my credit report through Experian. We had DIL recorded on our investment property 2.5 years ago, not foreclosure. The local bank that we tried to refinance told us that we have to fix this first before they let us refinance because Fannie Mae does not buy any secure loans from any banks with M-8. With DIL, we can refinance after two years and M8, you have to wait 7 years. The question is... what exactly does M-8 code mean? How do I know who puts M-8 code... Experian or Core Logic credit company that pull all info from all three credit bureau companies (Experian, Equifax, and TransUnion)?
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