A new TransUnion study analyzes the creditworthiness of the LMI consumer segment and how lenders can grow market share and revenue.
Tag: Low to moderate income consumers
TransUnion: LMI Consumers Present $300 Billion Growth Opportunity for Mortgage Industry
Low-to-moderate income consumers have traditionally been overlooked in the mortgage market and trail non-LMI consumers in terms of homeownership. A new study from TransUnion, Chicago, suggests closing this gap could yield mortgage lenders as much as ~$300 billion in refinance and purchase originations.