Tag Archives: TransUnion

Home equity could be ‘viable solution to ease debt pressures,’ experts say as mortgage balances nationwide grew in the third quarter according to TransUnion.

In a letter to TransUnion, Experian, and Equifax, a coalition of Senators led by Sharrod Brown are urging the big three credit agencies to ensure servicemembers receive free credit monitoring services and free access to credit reports.

In a letter to the FHFA, a coalition of eight U.S. Senators are asking the Agency to implement reforms to credit scoring models that could impact access to creditworthy borrowers. Click through to read arguments from both sides of the issue.

A new report from TransUnion explores FHFA’s proposal to utilize two instead of three credit reports, and the significant impact such a move would have on consumers, mortgage lenders, and the broader economy.

The CFPB and FTC have issued a joint consent order requiring the credit reporting conglomerate to pay $23 million in fines for tenant screening and security freeze failures.

“Overall credit performance remains solid for higher credit quality borrowers, but that is in an economy with unemployment rates below 4%,” Freddie Mac said in their report.

Most property managers are not reporting payments to the three credit bureaus, and a survey found that reporting this data would likely boost on-time payments as well.

All types of credit, mortgages and credit cards included, were up in Q1 of 2023.

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.

According to the Consumer Financial Protection Bureau, a new analysis of nearly half a million complaints reveals ongoing challenges, as TransUnion, Experian, and Equifax top the list of complaints.