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CFPB Debuts Delinquency Rate Tracking Tool

Phil Hall
Oct 30, 2017
The Consumer Financial Protection Bureau (CFPB) charged the credit reporting agency Experian and its subsidiaries for “deceiving consumers”

The Consumer Financial Protection Bureau (CFPB) has launched a new Mortgage Performance Trends tool that is designed to track delinquency rates nationwide.
 

According to the CFPB, the online tool features interactive charts and graphs with data on mortgage delinquency rates for 50 states and the District of Columbia at the county and metro-area level. The tool measures the delinquency rates in two general categories: borrowers who are 30 to 89 days behind on their mortgage payments and serious delinquencies.
 

“Measuring the number of consumers who have fallen behind on their mortgage payments is a telling barometer of the health of mortgage markets locally and nationally,” said CFPB Director Richard Cordray. “This rich information source identifies mortgage delinquency rates down to the county and metro-area level, making it a useful public tool.”
Published
Oct 30, 2017
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