Tagged: TransUnion

Originations climb 5% YoY in Q1 2025 thanks to 44% refi leap, while home equity market sees strongest growth in three years

NCRA President calls it “an untested experiment” that could exclude millions of creditworthy borrowers.

Also, company’s pilot program gives nonprofit lenders access to modern credit scoring while helping them maintain sound lending practices

The CFPB says the rule will produce 22,000 more mortgages each year, but some disagree with its premise

30% of millennials and Gen Zers moved up credit tiers within the past two years, more than older consumers.

Elevated interest rates drive down borrowing activity, while home equity provides relief amidst rising delinquencies.

Switching to two credit reports may sideline potential homeowners and result in higher costs.

Q2’s decline in total mortgage balances – the first since 2015 – shows spring homebuying season lenders were banking on barely materialized.