Items Tagged with 'Equifax'

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Americans fall deeper into debt than ever before [Charts]

Debt now surpasses previous 2008 peak
Americans are taking on more debt than ever before, as the level of consumer debt just surpassed its 2008 peak. After nine years, debt levels recovered from the recession. And over the past century, household debt growth is even more substantial. These charts explain the growth patterns.
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CFPB fines TransUnion and Equifax for deceiving consumers with their marketing

Turns out it’s not only TransUnion
HousingWire first broke the news late last week that TransUnion would pay just shy of $17 million as part of a settlement with the CFPB, as revealed by a company filing with the Securities and Exchange Commission. As it turns out, there's more. Today, the CFPB’s report revealed Equifax was fined too.
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Sperlonga starts reporting HOA data to Equifax

Latest step toward trended credit data
The latest news from Sperlonga, a data aggregation business for non-standard credit data sources, falls in line with recent industry events to help create a better picture of borrowers’ credit scores. Sperlonga announced it will start reporting homeowner and condominium association payment and account status data to Equifax.
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Here's how to get the lowest mortgage rate right now

Take these 5 steps for success with lenders
Given your credit standing and other factors, you may qualify for a better rate with one lender than another. Often it’s hard to tell a good offer from a bad one without shopping around, so pick up the phone, check online sites and let lenders battle for your business.
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Equifax: Mortgage defaults projected to keep going down

The ten states with the highest write-offs
The remnants of the financial crisis continue to slowly disappear as the number of foreclosures begin to return to levels witnessed before 2008. This news isn’t universal though as some areas remain elevated. Here's what Amy Crews Cutts, senior vice president and chief economist at Equifax, says is keeping the housing market healthy, along what areas aren't seeing results.
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Mortgage lending on track for best year since 2013

First mortgages, home equity loans all up in first quarter
While a recent report from Fitch Ratings suggested that 2016 could be a rough year for mortgage servicers due to persistently low interest rates, those same interest rates could lead to a banner year for mortgage lenders. It's not just refinance applications that are trending up, actual first mortgage originations were up sharply in the first quarter — to a point that 2016 could be the best year for mortgage lending since 2013.
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Fannie Mae sets new date for use of trended credit data

After unexpected delay, latest Desktop Underwriter update coming soon
Last week, Fannie Mae unexpectedly announced a delay to the latest update to its Desktop Underwriter program. The delay was noteworthy because at the time, Fannie Mae didn't provide a date for when the use of trended credit data was going to begin. We now know the implementation date.
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