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Tag Archives: consumers

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.”

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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.

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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.

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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.

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