Items Tagged with 'TransUnion'

ARTICLES

  • Mortgage delinquency keeps falling, drops for 19th straight quarter

    But one generation shows higher delinquency levels than the rest
    The mortgage market performed well in the first quarter of 2018, seeing the 19th consecutive decrease in annual mortgage delinquencies. And while mortgage delinquencies dropped for all generational groups, one generation stands above the rest as having a higher serious delinquency rate.
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    FHFA on credit score delivery: forgotten lessons

    Multiple versions of a credit model may lead to added cost and complexity
    Recently, FHFA posted a Request for Input asking for opinions concerning options for changing the delivery of credit scores to the GSEs, underwriters and investors. FHFA is considering various options to change the current system. Any such choice, in the end, is the outcome of a detailed cost-benefit analysis, but while FHFA acknowledges this, they fall short of providing the necessary framework for reaching an informed conclusion.
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  • Keep credit scores independent and reliable for the mortgage market

    What would a credit-bureau controlled credit score look like?
    [Expert commentary] Tucked into the U.S. Senate’s recently passed financial regulatory reform bill is a provision that has nothing to do with regulatory relief for community banks, freeing up capital in financial institutions, or enhancing consumer protections. FICO explains what it thinks a credit-bureau generated credit score would mean for mortgage finance.
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  • NAMB seeks to ban credit bureau sales of trigger leads

    Urges Congress to add restrictions to bills
    The National Association of Mortgage Brokers, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, announced it is seeking to ban the sale of trigger leads. The association explained mortgage trigger leads are created and sold by the national credit bureaus and are comprised of a significant amount of personal information from mortgage applicants.
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  • TransUnion: Mortgage delinquencies reach lowest level since recession

    New mortgage account balances reverse trend, decrease
    The serious mortgage delinquency rate decreased in the final quarter of 2017 to the lowest point since the Great Recession. TransUnion explained this largely reflects recession-era defaults having worked their way out of the system and recent originations being underwritten to a very high standard.
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  • TransUnion: Mortgage delinquencies will fall to record lows in 2018

    Credit reporting agency provides mortgage forecast for next year
    A recent report from CoreLogic showed that mortgage delinquencies fell this year to the lowest point in more than a decade, but analysts from TransUnion expect mortgage performance to continue improving next year, leading to record lows in mortgage delinquencies.
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  • TransUnion: Mortgage delinquency rates hit lowest point since recession

    Which generation is best at paying their mortgage
    Serious mortgage delinquency rates continue to drop to new post-recession lows, which TransUnion said indicates there may be opportunities to responsibly expand access. A deeper look into the delinquency rates shows one generation stands out with the highest delinquency rate – and it’s not Millennials.
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  • HELOC originations set to double over next 5 years

    Home equity surpasses housing boom levels
    Home prices continue to rise, causing them to surpass housing boom levels. But despite this jump in equity, home equity lines of credit are still lagging. However, a new report from TransUnion shows HELOC originations are set to double over the next five years.
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  • 38 states call on Experian and TransUnion to drop credit freeze fees in wake of Equifax breach

    Some states already prohibit credit reporting agencies from charging freeze fees
    Equifax may be offering one year of credit file monitoring and identity theft protection in the wake of the credit reporting agency’s massive data breach, which exposed the personal information of 145.5 million consumers, but more than 75% of the states want the rest of the major credit reporting agencies to do more to protect consumers.
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  • [Video] Cordray says Equifax, Experian and TransUnion to all face increased scrutiny

    The regulatory impact of the massive Equifax data breach
    While credit report agencies Experian and TransUnion weren’t part of Equifax’s massive data breach, they will definitely face increased regulatory scrutiny because of it. Consumer Financial Protection Bureau Director Richard Cordray outlined in an interview with CNBC what he thinks is necessary in order to not have a breach of this size happen again.
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