Tag Archives: Equifax

Since the IRS will soon allow electronic signatures on Form 4506-T, Equifax has enhanced verifications services in anticipation of the change.

Equifax Inc. announced that Jeff Dodge, VP of investor relations, will be representing the company throughout November at several conferences.

Equifax Inc. announced Kent E. Mast will be retiring as corporate VP and chief legal officer after a successful 45-year career. Stepping up to fill Mast's role is John J. Kelley III.

Equifax launched its Spectrum Verification Services Platform designed to strengthen lender confidence by streamlining the verification processes.

Home equity revolving credit hit a three-year high in July, signaling continued growth in housing confidence, Equifax said in a report. The company's October National Consumer Credit Trends Report showed new home equity revolving lines of credit totaled more than $44 billion year-to-date through July. First mortgages contracted 3.4 percent year-over-year, but severely delinquent mortgages have also fallen off since their peak, reaching a total balance of $419 billion in September.

The FTC alleges Equifax sold more than 17,000 lists of people who met specific criteria, such as being late on their mortgage payments. Equifax is said to have sold the lists to Direct Lending Source, Inc., which in turn sold the lists to other third parties. The lists included information such as credit scores and detailed how many days past due consumers' mortgage payments were.

Home equity installment balances rose 0.3 percent in August--the first monthly increase since November 2007, according to Equifax. After plummeting 49 percent over the past four years to just $143 billion, the company contends August's uptick could signal "a possible turning point in mortgage demand." Equifax says amid signs the contraction in mortgage debt is slowing and delinquencies are trending down, it looks like positive growth may finally be taking hold in the mortgage market.