Mortgage lending boom? Equifax reports massive increase in home credit

What lending volumes increase, fraud rates increase. We have seen that time and time again here in the US. And now, Canada’s mortgage boom is leading to a boom of another type – mortgage fraud. According to Equifax, who analyzes fraud trends in Canada, reported this week a massive increase of mortgage fraud of 52% since 2013. The rapid.

How to Raise Your Credit Score 100 Points (in Less Than 5. –  · According to many bankers and friends I talked to, you should try to run a 75% utilization rate on your credit card to maximize your potential to raise your credit score. So, if you only spend around $300 a month, you should give your secured credit card a $500 down payment so that you are utilizing your credit rather than having a $1,000 dollar limit and only spending $300.

Optimistic investors and frenzied tech entrepreneurs were still on a high from the dot-com boom. The World Wide Web was. close to 10,000 state-chartered banks, credit unions, insurance companies,

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PDF The changing mortgage landscape – Check Your Credit Report. – experienced a massive increase in supply (new loan activity) across all mortgage. These statistics clearly show that in the early days of the mortgage boom, lower-credit-quality consumers led the charge in mortgage credit demand, and new loan. The changing mortgage landscape. 475 Anton.

Data used to calculate most statistics in this report come from the Federal Reserve Bank of New York Consumer Credit Panel, which is a 5 percent sample of Equifax credit reports. All identifying information is removed by Equifax before the data are accessible to.

Cristian is a senior director who develops credit models for a variety of asset classes. His regular analysis and commentary on consumer credit, housing, mortgage markets, securitization, and financial regulatory reform appear on and in publications such as The Wall Street Journal and The New York Times.

Get your free annual credit reportAccess the free credit report you’re entitled to each year through; Other ways to get additional free credit reportsYou may be entitled to additional free credit reports in certain circumstances, such as after placing a fraud alert, becoming unemployed or receiving public assistance, or being denied credit or insurance in the past 60.

House price volatility expected until 2014 RealtyTrac: 3.8m Homes to Receive Foreclosure Filing in 2010 Foreclosures peaked in 2010 at 1.05 million and have been declining ever since.. realtytrac measures foreclosure rate by tallying the number of homes that receive a foreclosure-related filing.Fannie Mae names winner of second Community Impact Pool of NPLs The house was vacant yesterday and today it is providing housing and services to a community that needs it,’ Mell Myhand told Reuters from inside the oakland house. fannie Mae did not respond to a.Essays on Housing Supply and House Price Volatility Abstract A typical U.S. family devotes about a quarter of its annual income and half or more of its net worth to housing. Both the level and volatility of house prices thus have important implications for household behavior and welfare, as well as for the aggregate U.S. economy.

 · Banks and rival lenders are butting heads over the credit scores used to decide millions of mortgage requests by U.S. home buyers.