July could make things easier for prospective mortgage borrowers as CNBC.com mused. First is the three major credit bureaus’ removal of derogatory records from credit reports, and there is Fannie Mae lowering its debt-to-income ratio requirement. How will each update benefit consumers like you seeking mortgages this time? Experian, Equifax and TransUnion and Higher Credit Scores Beginning July 1st, the Big 3 credit bureaus will remove new or existing (i) state and federal tax liens and (ii) civil judgments from their databases and consumers’ credit reports. For the credit bureau to expunge such public records, your civil judgment or tax…