Items Tagged with 'Experian'

ARTICLES

  • FHFA flip-flops, won't blacklist VantageScore as FICO alternative for Fannie and Freddie

    FHFA removes pending prohibition on GSEs using credit bureau-owned model
    In a rather surprising development, the Federal Housing Finance Agency announced Tuesday that it will allow Fannie Mae and Freddie Mac to consider using VantageScore as an alternative to their current FICO credit scoring model, a dramatic reversal from a proposed rule issued late last year.
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  • Here's where Millennials are moving

    Study shows younger homebuyers are moving West and South
    Some say that anticipated wave of Millennial homebuyers has finally crashed, with recent data showing that nearly half of all new mortgages last year were connected to a member of this generation. Now, a new study shows us where they're landing, pointing out the most popular destinations for Millennial homebuyers. Here are the states and cities that rank the most attractive to these young nest seekers.
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  • The 25 ZIP codes with the highest mortgage debt

    High-income areas are also home to high mortgage debt
    California has the most ZIP codes in debt, with 17. The other eight are split between New York and Connecticut. While incomes for these areas are the highest, so is the amount of debt. The ZIP codes with the highest mortgage balances also have above average credit scores. 
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  • 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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  • Experian offering potentially higher credit scores in exchange for access to people’s bank accounts

    Will use utility, cell phone payments to calculate FICO score
    Experian wants access to consumers’ bank accounts as part of an effort to help people boost their credit scores. Experian announced Tuesday that it is launching a new program called “Experian Boost.” Through the program, consumers grant access to their bank accounts to allow Experian to use utility and telecommunications payments in the calculation of their credit score.
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  • New FICO model could boost credit scores for millions

    New model taps into consumer banking data
    Experian, FICO and Finicity announced a new credit scoring model that could expand credit access for millions of Americans. The new model, UltraFICO, would look at more than just information reported to the three credit-reporting firms. It would go deeper still and look at the consumer’s banking data, including their checking and savings accounts.
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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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  • From HW Magazine

    2018 Women of Influence: Angela Granger

    Vice President Analytics of Experian
    At Experian, Angela Granger has leveraged the latest statistical techniques in predictive modeling, data intelligence and business intelligence to maximize clients’ return on investment. She plays an instrumental role in analytics research and development, having participated in the design and commercial introduction of several advanced analytics products and services aimed at helping clients predict customer behavior and manage a wide range of decisions related to repayment of debt, account utilization, default and fraud prevention.
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