TransUnion - Articles

Fewer Americans Fall Behind on Mortgage Payments

David Calvert/Bloomberg via Getty Images By ALEX VEIGA LOS ANGELES -- U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years. The percentage of mortgage holders at least two months behind on... Continue Reading »

Late Payments on Mortgages Hit 3-Year Low

By Alex Viega LOS ANGELES -- U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report. Still, the rate of decline remains slow, credit reporting agency TransUnion said Wednesday. The... Continue Reading »

Mortgage Delinquency to Drop Sharply in 2012, Report Says

NEW YORK -- If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion. Mortgage delinquency rates -- the ratio of borrowers 60 or more days behind on their payments -- will... Continue Reading »

New Credit Score Will Tell Lenders More About You

Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score. Real estate and mortgage data aggregator CoreLogic says it's signed an... Continue Reading »

Maintaining a Stable Credit Score

These days maintaining a stable credit score is more important than ever. So you try to do everything right. You pay off credit card debt, avoid new loans, close unused credit card accounts, and make sure that you pay all your bills on time. Then you check your credit score, only to find that it fluctuates by as much as... Continue Reading »

Credit Score: Why It's Constantly Changing

Successfully obtaining a mortgage requires meeting certain numbers. There's the amount of the down payment that you must have in your bank account. The amount of annual earnings you must show to prove you can manage the mortgage. And then there is your credit score. Right now, that credit score needs to be in the mid... Continue Reading »

Tips for Homeowners Turned Accidental Landlords

Umesh Singh's suburban Minneapolis home sat on the market for nearly two years after he had moved on to a new job in Florida. After dropping the price of his 5-bedroom, 4-bath home from $429,000 in December 2007 to $385,000 by summer 2009, Singh, who carries two mortgages, decided enough was enough. It was time, he... Continue Reading »

Delinquencies Rise, Reversing Trend

Just when it looked like the housing market might be stabilizing, the numbers are taking a surprising turn for the worse. At least according to a brand new report from TransUnion, the credit reporting firm. "We had the feeling things were turning around," said the company's Veep of the financial services unit, FJ... Continue Reading »

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