The plan to move to a bi-merge process allowing lenders to use 2, instead of 3, credit reports was announced last October by FHFA, Fannie Mae and Freddie Mac's federal regulator
The new tool, Credit Builder, allows credit reporting institution TransUnion to consider rental payments when its algorithms build credit scores
The 6-year-old property management firm scooped up the companies in a bid to boost digital payment workflows and aid tenants in credit building, according to an announcement this week
Deal sets the stage for TransUnion to go head-to-head with Equifax's verification service, The Work Number, and help mortgage lenders speed up closings
Despite lobbying by mortgage trade groups, 2 previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren't fully informed of their options
Credit bureaus have 'little incentive to treat consumers fairly when their credit reports have errors,' according to Consumer Financial Protection Bureau, which analyzed 700K complaints
For Americans with mortgages, car payments and credit cards, a new TransUnion study shows paying their mortgage was a top priority during the pandemic
TransUnion's 2021 Rental Housing Financial Impact Study shows renters' smart financial decisions are helping to stabilize a volatile market
Opinion
By understanding what Credit Karma does and how it works, you'll put yourself in a better position as an agent to help potential buyers improve their credit score
ResidentScore 3.0 is an analytical tool that says it can help landlords find the highest quality renters
The number of Generation Z consumers who took out a mortgage grew by 112 percent, according to a TransUnion study
Only 1 in 10 young consumers bother checking their credit scores, according to recent research
About 100,000 homebuyers in the current housing market were born after 1995
Mortgage lenders using old FICO score versions is a problem