The default rate for first mortgages is at a recent high. Click here to see the overall credit default rate and how major cities fared last month.
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 »CFPB Report Examines Consumer Complaints & Credit Bureaus
CFPB Director Rohit Chopra said, “Today’s report is further evidence of the serious harms stemming from [credit bureaus'] faulty financial surveillance business model.”
Read More »Default Rates Continue to Drop
Default rates continue to decline as pandemic-related financial distress across the country continues to ease for homeowners.
Read More »First Mortgage Default Rates Slide in April
The economy is making progress and mortgage default rates are improving as an increasing number of homeowners exit forbearance plans.
Read More »The Industry Pulse: Updates on Experian, S&P, and More …
From new appointments and rankings to new partnerships and mergers, get the latest industry buzz in this update.
Read More »Experian Hires Mortgage Veteran Susan Allen
Allen joins Experian with 25 years’ experience as a risk management and product leader. She is recognized as an industry expert on mortgage data and analytics, property valuation, and risk management.
Read More »Measuring Mortgage Debt
A recent report takes a look at how homeowner mortgage debt has changed since the 2008 financial crisis.
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 Industry Pulse: Updates on Ocwen, RES.NET, and More …
From credit counseling initiatives to partnerships to automate REO processes, get the latest buzz on the industry in this weekly update.
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