Balance of Auto Loans Tops Record-Breaking $900 Billion

The total balance of auto loans has exceeded $900 billion dollars for the first time ever.

Recent studies on the balance of auto loans show that consumers are borrowing more money to buy new vehicles, and loan-delinquency is at an all-time low.

Lenders, Don’t Let Reduced Mortgage Fraud Rates Fool You


With mortgage fraud on the decline, many banks are eagerly opening their vaults again to borrowers. While this information is good news for most…

Helping the Troubled Borrower Reenter the Market


It’s good news for the troubled borrower: In the August 2013 Mortgagee Letter , the FHA ruled that buyers who lost their homes or experienced default…

Is the Interest-Only Mortgage Making a Comeback?


The interest only mortgage is staging its comeback in many areas throughout the US. With real estate inventory low in key areas, and buyers buying at…

Credit Reports Fail During Origination Process


During the mortgage origination process, lenders utilize credit reports in two instances. It is often the first indication of an individual’s…

Home Finance: Write-Offs Decrease by More Than 37 Percent

Home finance deliquencies have seen big improvement year-over-year.

The latest Equifax National Consumer Credit Trends Report is out, and it is full of good news about lower home finance delinquencies.

Auto Lending Sector Enjoying Boom Times and Record Credit Numbers

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Boom times are back, and the auto lending sector is still going strong in 2014, according to the most recent Equifax National Consumer Credit Trends Report. “Auto lending continues to lead the recovery,” said Amy Crews Cutts, Chief Economist at Equifax. According to the report, while new sales in the auto industry have driven the [Read More…]

Equifax Named a 2014 “Top 50 Service Provider” by Mortgage Technology Magazine


Equifax is proud to announce its inclusion as a 2014 “Top 50 Service Provider” by Mortgage Technology magazine. The listing cited the company’s Spectrum Verification Services Platform, which provides a central hub for lenders to access the full suite of verification reports through a single Web interface or system integration. In addition to Spectrum, Equifax [Read More…]

Renowned “Moneyball” Subject Paul DePodesta to Keynote at FORUM 2014


Equifax Workforce Solutions is thrilled to announce that Moneyball subject and entrepreneur, Paul DePodesta, will be delivering the opening keynote address at Workforce Solutions FORUM 2014, our annual conference held exclusively for clients of Equifax Workforce Solutions. Paul has made a career of evaluating, measuring and assigning value to talent in Major League Baseball for over 25 [Read More…]

Improve Mortgage Portfolio Management with Custom Risk Scoring Models


Are you concerned about your mortgage book of business? A portfolio heavily weighted with high-risk mortgages is a liability to a financial institution,…