When a mortgage lender does not report timely payments to credit reporting agencies they are denying you the right to an accurate credit score. Lenders want your mortgage, and the on-time payments all to themselves. They are trying to eliminate the competition by hiding your payments from competitors. Unfortunately your credits score usually suffers because your house payment is one of the reporting standards. Home ownership is a stabilizer. But if you get behind here is what will happen:

The same lender that failed to report your timely information to credit reporting agencies will no doubt report late payments almost immediately. What can you do if your are making timely payments but your mortgage is not being reported to credit reporting agencies? No doubt you already called or wrote to your lender. If that failed you should contact your state attorney general. You can do it online with a simple Google search.

The SEC and other regulators demand that lenders accurately reflect the true nature of their accounts. Given the existing problems it is very possible that your state attorney general will force your mortgage company to report as they should. If the lender does not report your mortgage they are hurting you.