So much news, so little time and space. The end of the year seems to bring out the volume in housing market reports, so here are a couple paragraphs each on some of the latest reports to come across our desks:
Tag: TransUnion
TransUnion: Popularity of 15-, 20-Year Mortgages Continues to Grow
TransUnion, Chicago, said as low interest rates drive refinance activity, short-term loans—i.e., 15-year and 20-year mortgages—continue to increase in popularity, a trend that played out in the third quarter.
Industry Briefs Nov. 5, 2020
Top of Mind Networks, Atlanta, a provider in customer relationship management and marketing automation software for the mortgage lending industry, announced its integration with digital mortgage point-of-sale platform Floify, Boulder, Colo.
Industry Briefs Oct. 23, 2020
Black Knight Inc., Jacksonville, Fla., launched a Customer Service platform that provides an enhanced customer service experience for both customer service representatives and consumers.
Consumers Resilient Despite Broader Economic Challenges
Serious delinquency rates in August improved once more across all consumer credit segments even as the number of people in accommodation programs dropped for the second consecutive month, reported TransUnion, Chicago.
TransUnion: Consumer Credit Market Withstands Coronavirus Challenges
TransUnion, Chicago, reported the total percentage of accounts in “financial hardship” status dropped during July for mortgages, auto loans, credit cards and personal loans – marking the first such decrease since the start of the COVID-19 pandemic.
Housing Finance Roundup
This week has produced more housing finance reports than you can shake a stick at. Here’s a roundup and summary of what’s happening of reports from Ellie Mae; ATTOM Data Solutions; Redfin; Radian Inc.; TransUnion; Black Knight; Zillow; and PayNearMe.
TransUnion: Coronavirus Giving Millennials Toughest Financial Challenges
The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research from TransUnion, Chicago, shows Millennials are being challenged the most.
HUD Report Notes ‘Credit Invisibility’ Among Assisted Households
HUD and the Policy and Economic Research Council, in a new study examining reporting rent payments to credit reporting agencies, said while rent payment performance can improve both credit visibility and the fraction of tenants with credit scores above 620, it also shows that many public housing tenants continue to have subprime credit scores that can limit their housing choices and their ability to obtain insurance.
Gen Z Displays Strong Appetite for Credit; Millennials Refinance Less (For Now)
TransUnion, Chicago, said Generation Z consumers—those born in or after 1995—are actively seeking credit despite many of them growing up during severe economic recessions in their respective global markets.