“For the first time since January 2017, the default rates for autos, bank cards and mortgages all rose together,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jow Indices, which together with Experian released their consumer credit default report for Read more
Mortgage Default Rate Records Ten-Year Low
Mortgage default rate is an indicator of housing health.A high level of default implies that something in the market is going badly. It means more borrowers can no longer afford to pay their credit obligations, which in turn signifies a negative economic situation.For this reason, default Read more
Experian Launches Mortgage’s Digitized Verification
Not much has changed when we speak of the mortgage industry’s underwriting and loan approval process. Sad to say, it has not gone past its “stone age” era.In tune with today’s advancements in information technology, Experian with its partner, Finicity, aims to take the mortgage process into a Read more
