Tagged: Credit

Average payments for first-time buyers have climbed 57% since 2019, while serious delinquency is becoming concentrated among lower-scoring borrowers

One-third of consumers say they would consider switching lenders over older scoring models, making underwriting technology a potential borrower-retention issue

The company points to trended data and tri-bureau consistency as approved lenders begin using greater credit-score choice

The HELOC-backed Visa connects revolving credit with contractor financing and rewards, but carries rates above the national average

Credit-score pricing contributed heavily to the increase, while exclusive VantageScore use remained limited

New borrower insights help lenders evaluate applicants earlier in the origination process at no additional cost

New research finds affordability remains the biggest obstacle, but many future buyers also misunderstand how credit affects mortgage eligibility and pricing

Rocket adds same-business-day conditional approvals and a 12-business-day clear-to-close commitment on conventional purchase loans

To responsibly expand credit access and streamline the lending journey, the mortgage industry must look beyond the traditional credit file and embrace a multi-dimensional view of the consumer

Historical loan-level datasets covering 2013-2025 let market participants evaluate the next-generation credit model using actual GSE mortgage performance.