Thursday, August 29, 2019

FICO scores for refi borrowers reach six-year high, Ellie Mae says

The average credit score of borrowers who refinanced mortgages in July with loans backed by Fannie Mae and Freddie Mac rose to a six-year high, according to an Ellie Mae report. The score was 750, up from 742 in June.

Low mortgage rates are attracting more creditworthy borrowers who are looking to improve their household balance sheets by lowering their monthly bills. About 9.7 million mortgage borrowers are “refi eligible,” meaning there’s at least a 0.75% difference between the financing costs they currently have and mortgage rates now available, according to Black Knight. Those borrowers would save an average $267 a month on their mortgage bills, measuring just principal and interest, Black Knight said earlier this month.

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Wednesday, August 28, 2019

Tuesday, August 27, 2019

THE CONSUMER BUREAU’S RECKLESS PLAN FOR DEBT COLLECTION

WE LEARN IN email 101 that hyperlinks from unfamiliar senders are breeding grounds for scams. Microsoft has warned against clicking on foreign links for decades. The Federal Trade Commission has repeatedly cautioned Americans to be wary of malware and phishingexpeditions.

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Thursday, August 22, 2019

Wednesday, August 21, 2019

Thursday, August 15, 2019

TransUnion maps consumer data for TrueVision credit reporting

https://www.finextra.com/pressarticle/79237/transunion-maps-consumer-data-for-truevision-credit-reporting

Global information solutions provider TransUnion has announced the launch of TrueVision – a suite of trended data capabilities which can fundamentally transform the way finance providers understand and evaluate their customers.



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Wednesday, August 7, 2019

Tuesday, August 6, 2019

Equifax settlement: How much time you have to file your Equifax claim

Nearly half of the US population was affected in the 2017 Equifax data breach. But if you were one of the 147 million people whose data was exposed as part of the hack, you don’t have to rush to file a claim to be compensated for the time and money you spent recovering from the database breach of the free credit reporting company.



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