30-day-as-one inq: just mortgages?

Discussion in 'Credit Talk' started by DaveH, Oct 29, 2001.

  1. DaveH

    DaveH Well-Known Member

    Hi all,

    I have read in several places that the CRA's are now considering all mortgage loan apps within a 30 day period as one inquiry, in the recognition that it means people are shopping around.

    My question: does this hold true only for mortgages, as opposed to, say, home equity loans? And further, I assume that if one falls under the policy, it would ONLY be the mortgaga apps that fall under this exemption--correct?

    TIA, Dave

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