Nancy Atwell, the Multifamily COO and SVP for Fannie Mae, has authored a new Perspectives Blog post focusing on renters and their credit reports using data from a new poll that found a sound majority of renters want their rent payments to count towards improving their credit file kept by the three credit bureaus.
Read More »Differentiating Data Sets Support Financially Inclusive Lending in the Mortgage Industry
While traditional credit reports remain a strong indication of past financial reliability, a credit report alone doesn’t always provide the full picture of a consumer’s financial profile.
Read More »The Week Ahead: Keeping Score on the Path to Homeownership
FICO will host its “Score a Better Future” educational webinar to provide consumers with the knowledge and tools to gain better insight into their financial health along the road to homeownership.
Read More »Equifax Endorses Expanded Mortgage Credit Reports
The inclusion of telecommunications, TV, and utilities in expanded credit reports could open the dream of homeownership for millions of people.
Read More »CFPB: Strong Labor Market Brings Down Collections Statistics
“Our analysis of credit reports provides yet another indicator that, due to a strong labor market and emergency programs during the pandemic, household financial distress reduced over the last two years,” said CFPB Director Rohit Chopra.
Read More »Consumer Credit Trends & Monthly Mortgage Payments
A new Zillow study of consumer credit shows that buyers with "Fair" credit could be paying nearly $300 more on their monthly mortgage payment than those with "Excellent" credit scores.
Read More »Mortgage Balances Lead Increase in Household Debt
Household Debt, led by mortgage debt, increased substantially in 2017 as the economy continued to grow for the fifth consecutive year, according to the Quarterly Report on Household ...
Read More »Credit Report Integration Added to ReverseVision’s Mortgage RLOS Platform
ReverseVision, Inc., recently announced in a press release it has added credit reporting capabilities to RV Exchange (RVX), ReverseVision’s reverse loan origination system (RLOS) platform. With this new technology, reverse mortgage lenders can automatically import a borrower’s credit information directly into RVX’s Financial Assessment (FA) module.
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