Why all the fuss about disputed accounts? For years many credit repair agencies have been trying to trick the system by disputing items on a credit report for the borrower. This would tag the dispute remark causing the item to be excluded from the scoring model. This is not always the case anymore. According to Fair Isaac, if a disputed account is derogatory, it will “most likely” still be factored into the scoring model, depending on the nature of the dispute. In the case of accounts in good standing, some information may be excluded from the scoring model. Because their systems are also proprietary they won’t say which items will or won’t be excluded or what would constitute a dispute that would eliminate it from the scoring model. Because a negative account can seriously impact a credit score, having it removed could falsely boost a borrower’s credit score.Fannie and Freddie have implemented this process as a way of protecting themselves from fraud.  Read the whole article-http://www.advcredit.com/news/Disputed_Accounts.pdf

As you read in the article, there's an answer. But it's really up to you and your loan officer to do a thorough credit analysis during to the pre-qulaification process in order to keep from having any problems once you have a house under contract. With a little vigilance you can make the home buying porcess just a little bit easier.

Happy House Hunting!