Articles Tagged with ''TransUnion''

Government watchdog calls for CFPB, FTC to have more authority over credit reporting agencies

GAO wants regulators to have more power over Equifax, Experian, Transunion
Equifax may be expecting sanctions from both the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers, but one prominent government watchdog is calling for those agencies to have even more authority over Equifax and the like.
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TransUnion: Home equity lending is going to soar

Says market dynamics will propel more homeowners to tap equity
Home equity levels continue to rise, and all signs point to a market ripe for home equity lending, according to a recent report from TransUnion. "There are ample signs that the home equity lending market is poised for growth," said TransUnion SVP and Mortgage Business Leader Joe Mellman, calling HELOCs a great opportunity for lenders.
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From HW Magazine

3 ways lenders can service borrowers with a good or prime credit score

Steps to provide loans that work for both lenders and borrowers
Today’s mortgage brokers and lenders are looking for higher credit scores, leaving worthy borrowers with fair credit scores struggling to find reasonable rates on mortgages. To correct this issue, lenders must adjust their approach and start providing reasonable loans to qualified buyers. Here's how.
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Consumers can now freeze their credit for free

Credit reporting agencies can no longer charge for credit freezes
It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
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Fannie Mae CEO in hot water months before he steps down

Fannie Mae, FHFA come to Mayopoulos’ defense
Fannie Mae CEO Timothy Mayopoulos is once again in trouble for his romantic relationship, receiving yet another rebuke from a government watchdog. While the CEO did disclose his relationship and even recused himself from any connected business decisions, this government watchdog says he did not go far enough.
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HELOC use is on the rise

More Americans are tapping their home equity
For most homeowners, a good portion of their money is tied up in their house. But a sizable number are no longer content to sit on that nest egg and watch it grow. They want cash – now – and they’re tapping their home equity to get it.
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