I attended a Watson New Home builders certification class last week and Engle ( I know they are in trouble. He says no they have a work out plan) has a great trainer that comes back every year to educate.  He says that as long as the company pulling your credit report is coded as a Lender and they are all pulled within 30 days they all look like one and it would only be a 2 point hit to your score.  So watch the calender and stay away from those Web Lenders and you will be ok.