6+ day, 23+ hour ago  (413+ words) Consumer debt accelerated in December, driven by substantial growth in first mortgage and home equity lines of credit balances, a new industry report showed. Total consumer debt in the United States reached $18.2 trillion by the end of last year, with…...

1+ mon, 2+ week ago  (1039+ words) The Community Home Lenders of America has published a new list of reasons it views the effort it would take to transition to a single-bureau credit report option at the government-sponsored enterprises as outweighing benefits related to a potential reduction…...

2+ mon, 3+ week ago  (493+ words) Mortgage credit availability ended November at its loosest since August 2022, driven by additions of adjustable rate and cash-out refinance products to lenders' menu, the Mortgage Bankers Association said. The 0.7% month-to-month rise in the Mortgage Credit Availability Index continues a streak…...

3+ mon, 2+ day ago  (1772+ words) The transition toward updated credit score models at Fannie Mae and Freddie Mac, while less dramatic than a new stock offering, is a fundamental shift with widespread industry implications. These newer models, VantageScore and FICO 10T, are designed to replace the…...

3+ mon, 1+ week ago  (329+ words) Zillow is helping renters use their monthly payments to boost their credit profiles through CreditClimb, a new tool powered by Esusu. Renters can now enroll in CreditClimb directly through Zillow to have their on-time rent payments reported to the three…...

3+ mon, 1+ week ago  (1114+ words) Fairway Home Mortgage is partnering with Made Card to offer a credit card which will provide points for making their normal monthly loan payments and for purchases of home products and services. Borrowers do not need to use the Made…...

3+ mon, 3+ week ago  (932+ words) While there are legitimate means to allow consumers to boost their credit scores, others " not just individuals but also industrial or institutional actors " engage in a practice known as credit washing. The practice takes advantage of something people are allowed…...

4+ mon, 1+ week ago  (595+ words) Housing rewards platform Bilt Technologies will partner with Venmo, adding the app to its existing payment methods that can help consumers earn points toward homeownership." Beginning next year, Bilt members will have the opportunity to connect their accounts to Venmo,…...

4+ mon, 2+ week ago  (864+ words) Lenders can expect to see a concrete milestone reached in credit scoring changes by early next year, a Mortgage Bankers Association official said at the 2025 MBA Annual conference in Las Vegas on Monday. Sasha Hewlett, associate vice president of secondary…...

4+ mon, 2+ week ago  (698+ words) A credit reporting agency on Monday morning responded to an industry proposal to look into ending the tri-merge with a study finding it even more harmful to borrowers than a two-score pull. Although an earlier Standard & Poor's study found a…...