Fitch Ratings, New York, said underwriting results for U.S. mortgage insurers remained very strong through 2023.
Tag: Credit
TransUnion: Mortgage Originations Down Almost 37% in Third Quarter Amid Higher Credit Balances
TransUnion, Chicago, Ill., released its Q3 2023 Quarterly Credit Industry Insights Report, finding higher interest rates and prices for goods have pushed credit balances up. Simultaneously, mortgage originations–and other new credit accounts such as automobile loans–are lagging last year.
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.