All types of credit, mortgages and credit cards included, were up in Q1 of 2023.
Read More »New-to-Credit Consumers May Be Better Risk Than Previously Thought
Those with new credit files used to be considered higher risk than those with an established credit history, but new data from TransUnion finds that is not necessarily true.
Read More »Report: Consumer Credit Health Stable
Despite a higher interest rate environment and the ever-present inflation, consumer credit health remains stable.
Read More »The Silver Lining in a Greenfield Playbook
Because it requires a detailed strategy and high level of expertise to create a lean organization, the Greenfield Playbook can guide a mortgage servcier to formulating a cost-effective operation through digital technology.
Read More »Why Homeowners are Losing Sleep Over Rising Debt
A recent survey found that a third of American homeowners are concerned about their rising debt, but are at a loss as to how to solve the problem. Click through to learn more about the survey’s findings.
Read More »The Week Ahead: American Consumers and Debt
On Tuesday, a survey looks at how consumers are dealing with debt and its impact on their daily lives. Here’s what else is in store in The Week Ahead.
Read More »How Much of Household Debt Is Mortgage Based?
A study found that household debts are approaching new highs. Here’s how mortgages and other consumer loans are impacting the rising debt numbers.
Read More »Establishing Credit History Harder in Low-income Areas
A new study shows that consumers located in lower-income areas are more likely to establish credit history through negative means, like debt collection, than those in higher-income areas. While 27 percent of low-income area consumers establish their history through what are called “nonloans,” just 7.9 percent of consumers in high-income areas establish credit via these non-loans. The study also found the percentage of Americans who became credit visible due to student loans more than doubled over the last decade.
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