Tag: TransUnion

  • Fewer Americans Fall Behind on Mortgage Payments

    Americans Keep Doing Better on Mortgage Payments

    The percentage of mortgage holders at least two months behind on their payments falls to its lowest level in more than 5 years. Continue Reading

  • Late Payments on Mortgages Hit 3-Year Low

    Mortgage Deliquencies Hit a 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.... Continue Reading

  • Mortgage Delinquency to Drop Sharply in 2012, Report Says

    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... Continue Reading

  • New Credit Score Will Tell Lenders More About You

    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... Continue Reading

  • Maintaining a Stable Credit Score

    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... Continue Reading

  • Credit Score: Why It's Constantly Changing

    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... Continue Reading

  • Tips for Homeowners Turned Accidental Landlords

    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,... Continue Reading

  • Delinquencies Rise, Reversing Trend

    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,... Continue Reading