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Example: A mortgage company might ask for a letter of explanation relating to a negative entry on a borrower’s credit report. This requirement could come from the lender, or from secondary underwriting guidelines imposed by FHA or Freddie Mac. The end result is that the mortgage lender must request a letter of explanation to document the issue.
Explanation Letter – Letters – Free Sample Letters – Explanation letters are usually written for explaining the mistake, an incident or to explain the reason of absence or negligence. Whatever reason it may be refer the following formats of letter of explanation.
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