A member of the Board of Directors since 2020, Marianne Sullivan’s new role will involve overseeing the modernization of the company’s mortgage servicing sector.
Read More »As Originations Decline, Consumer Interest in HELOCs Inches Upward
Joe Mellman, SVP and Mortgage Business Leader at TransUnion, said, "Considering that homeowners had a cumulative total of $604 billion in non-mortgage debt, [HELOCs allow homeowners to] use their available home equity to pay off more expensive debt while keeping their existing low interest rate mortgage in place.”
Read More »Personal Incomes Dip Due to COVID-19
A new report says the pandemic has hit consumers’ savings that hardest. Click through to read more.
Read More »Freedom Debt Relief Settles CFPB Lawsuit
Freedom Debt Relief has agreed to pay a fine of $20 million in restitution to affected consumers as part of the settlement. Here are the details.
Read More »EXOS, Blend to Enhance Digital Mortgage Experience
EXOS Technologies has partnered with Blend to further extend and enhance the consumer digital mortgage experience.
Read More »Re-examining Data Privacy Under the FCRA
Data privacy, the use of technology, and the impact of unregulated credit scores on consumer debt were in focus at a Senate Banking Committee hearing. Here’s what was discussed about the present and future for credit score reporting.
Read More »Maxine Waters: “This Hearing Was Long Overdue”
In a hearing on holding credit bureaus more accountable the House Financial Services Committee sought answers from Equifax, TransUnion, and Experian on credit reporting. Here’s what the committee and witnesses had to say about making the process stronger and more secure.
Read More »The Challenges of Obtaining Mortgage Payment Assistance
What are the mortgage issues that vex borrowers the most? Here’s what CFPB’s snapshot on mortgage complains revealed.
Read More »Fannie Weighs in on Housing Sentiment
How are homeowners and buyers reacting to the current housing market trends? Here’s what a Fannie Mae report revealed.
Read More »What did S&P Say About Mortgage Defaults?
Consumer credit default rates for mortgages have remained fairly stable this year, according to a new analysis. Here’s a breakdown of how mortgage defaults performed compared to credit cars and auto loan default rates.
Read More »