TransUnion, Chicago, said total mortgage balances fell to $11.7 trillion in the second quarter, down slightly from last quarter’s record high but up 4.3% year-over-year.
Tag: TransUnion
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.
TransUnion: Credit Card, Unsecured Personal Loan Balances at or Near Record Levels
TransUnion, Chicago, said consumers are increasingly turning to credit to manage their household budgets in the current economic environment, leading to record- or near-record high balances in credit cards and unsecured loans.
Industry Briefs Apr. 7, 2023: HUD Extends AFFH Proposed Rules Comment Period by 2 Weeks
HUD extended the public comment date for its Affirmatively Furthering Fair Housing proposed rule by 14 days, to April 24, per a notice in the Federal Register.
Industry Briefs Mar. 30, 2023: Total Expert Updates on Salesforce AppExchange
Total Expert updated its products on Salesforce AppExchange, providing customers new ways to enhance the ROI of their Salesforce integrations.
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market on Wednesday raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.
Industry Briefs Feb. 27, 2023: CoreLogic Acquires Roostify
CoreLogic, Irvine, Calif., a global property information, analytics and data-enabled services provider, acquired Roostify, San Francisco, a digital mortgage technology provider.
Inflation Spurs Consumers to Credit Cards, Home Equity
TransUnion, Chicago, said amid rising interest rates and high inflation, the fourth quarter saw consumers continuing to look to credit as a means to help stave off financial pressures.
Industry Briefs Jan. 31, 2023: Revolution Mortgage Partners with Silverwork Solutions
Silverwork Solutions, Chicago, a developer of digital workforce BOTs, announced a partnership with Revolution Mortgage, Columbus, Ohio.
CFPB: Annual Report on Credit Reporting Companies Cites ‘Ongoing Challenges’
The Consumer Financial Protection Bureau on Tuesday issued its annual report on the industry’s three largest credit reporting companies, based on nearly a half-million complaints it received about TransUnion, Equifax and Experian.