Items Tagged with 'TransUnion'

ARTICLES

  • 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.
    Read More
  • 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.
    Read More
  • 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.”
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • Sponsored By

    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.
    Read More
  • 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.
    Read More