The recent Equifax breach of information for over 100 million consumers has sparked widespread dialogue on regulation and reform in that could have ramifications on the mortgage industry.
Read More »Could the CFPB’s Hands be Tied?
Because Equifax is not entirely a financial institution, the Consumer Financial Protection Bureau may run into trouble issuing penalties for Equifax's recent data breach of 143 million of its consumers’ information.
Read More »Equifax Appoints New Leader
Equifax Inc. recently announced an almost 20-year company veteran is now leading its marketing team. Laura Wilbanks was appointed as Equifax’s new Chief Marketing Officer, succeeding Trey Loughran, who ...
Read More »Equifax’s Data and Analytic Services Receive Upgrade
A new data and analytics portfolio will boost Equifax's risk and marketing programs while enhancing the delivery of their services.
Read More »Substantial Growth on the Origination Front
One report found that over 326,300 new loans originated for borrowers with low-credit, which is a year-over-year increase of 9.5 percent.
Read More »What Does the Spike in First Mortgages Mean?
Amy Crews Cutts, Chief Economist with Equifax, recently spoke with MReport about the impact on the industry of the recent spike in first mortgages.
Read More »Mortgage Write-Offs Hit a 9-Year Low
In the first quarter of 2016, consumers appear to be demonstrating strong repayment practices, while taking advantage of continued low-rate environment, according to data from the April 2016 Equifax National Consumer Credit Trends Report.
Read More »Sperlonga Announces HOA Reporting Partnership With Equifax
Irvine, California-based Sperlonga Data & Analytics, a data aggregation business for non-standard credit data sources, announced an agreement to become the first company to furnish homeowner association (HOA) payment and account status data to Equifax, Inc.
Read More »First Mortgage Origination Balances Way Up In 2015
First mortgage balances experienced a massive year-over-year jump, driven by an uptick in both rising home-purchase activity and solid refinancing volumes, according to the latest Equifax National Consumer Credit Trends Report, released Wednesday.
Read More »First Mortgage Debt on the Rise, but HELOC Balances Subside
New debt created by first-time homebuyers transitioning into homeownership and existing homeowners that are upgrading to larger homes growing a rapid pace, meanwhile, home equity loan balances have cooled off thanks to borrowers paying off debts.
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