We refi'd in Jan and closed in Feb. In March, the new loan showed on all three credit reports. Two weeks ago, the loan was purchased by another lender.
Last week, the lender who purchased the loan reported it to the CRAs. Now, two of our credit reports make it appear that we have TWO first mortgage loans. Good grief. Naturally, our outstanding debt doubled overnight. It's funny, but then, maybe not so much.
I'm assuming that within the next few weeks or so, after the other lender closes us out of its system, things will go back to normal. BUT, am I missing something? Is there a potential problem with this that I'm not anticipating?
