A study by the Federal Reserve Bank of Philadelphia found young adults who experienced a foreclosure-induced tendency to seek credit at a higher rate, and delinquency and low credit scores are also more pronounced in the group of adolescents who ...
Read More »Mortgage Credit Availability Projected to Rise Due to Weakening Demand
As fewer buyers become unable to afford higher home mortgage costs, a new CoreLogic analysis revealed that rising interest rates and higher home prices continue to wear at homebuyer affordability. As a result, the diminishing demand from borrowers may lead ...
Read More »Alternative Credit Scoring Models Matter
Competition ensures a healthy and productive market. Credit scores are no exception. A new study commissioned by VantageScore Solutions, a consortium of the three credit bureaus (Equifax, Experian, and TransUnion), found that institutional investors with exposure to asset-backed securities (ABS) ...
Read More »37M Do Not Qualify for a Credit Score
According to a report, roughly one in three consumers in disadvantaged areas do not qualify for a traditional credit score. Click through to see what factors are in play.
Read More »Cash-Strapped Consumers Putting Mortgages First
A new analysis of credit has found that while Americans may have been financially hampered by the pandemic, consumers are pushing mortgages to the top of the list of financial obligations.
Read More »Credit Score Status Confuses Consumers
A new survey has found that much ambiguity exists among Americans when it comes to understanding credit scores, and what factors may impact or damage their score.
Read More »10 Cities with the Most Financial Distress from COVID-19
As businesses across the country are reopening and unemployment rates begin to creep back up, there is no doubt that there are still plenty of people struggling. The coronavirus pandemic has taken a massive financial toll on Americans, but some ...
Read More »The Long-Term Impact of Foreclosure
Foreclosures can leave a lasting impact on a homeowner’s credit score, but according to a new report from LendingTree, current conditions are positive.
Read More »Homes of “Steel”
A study ranked the top cities for first-time homebuyers on the basis of factors such as average down payment and credit scores. Which metro turned out to be the best bet? Hint: You can’t miss the “steely” resolve of this city.
Read More »Getting Millennial Borrowers on the Right Path
Millennials are buying, but many can do better. See what changes these young buyers can make to get on the path to sustained homeownership.
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