Transunion study shows renters are managing their debts

A new study from the credit firm Transunion shows that consumers are still managing their debts in way that may ease most landlords’ concerns, even as many are struggling with finances due to the COVID-19 pandemic. The study found that around 25% more renters entered relief programs in March and April due to shutdown orders

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8.3 million first-time buyers poised to hit the market by 2022

A wave of first time buyers is expected to fall upon the U.S. housing market in the next three years. Around 8.3 million first-time buyers will be looking to apply for a mortgage between 2020 and 2022, according to a new report by the TransUnion credit rating agency. That’s significantly higher than the 7.6 million

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Some consumers could see their credit scores jump higher

Consumers with low credit scores could soon have something to cheer about with the news that the three major credit reporting agencies in the U.S. are to implement policy changes that could lift their scores.

More renters looking to buy in 2017, study shows

A surge of renters are ready to make the leap into homeownership, with 55 percent of those who actively shopped for a mortgage in the first quarter of 2017 being non-homeowners.

Low Credit Scores May Dash Millennials’ Home-Buying Dreams

Nearly a third of millennials (ages 18 to 34) hope to purchase a home within the next year, but more than 40 percent may not have the credit to do so(1), according to a new TransUnion (NYSE: TRU) survey released today.TransUnion’s survey of 1,843 consumers found that while 32 percent of millennials say they plan

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Mortgage Delinquencies Set to Decline Next Year

The amount of borrowers struggling to keep up with their mortgage payments has been predicted to decrease by the end of 2012, so long as the US economy doesn’t experience any more hiccups, according to the Associated Press. Mortgage delinquency rates, which are used to illustrate the ratio of borrowers that are more than 60

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Number of People Falling into Arrears Increases for First Time since 2009

More grim news for the American housing market, as a new report by the credit bureau TransUnion shows the number of people who have fallen into arrears on their mortgages during the last quarter has increased for the first time since 2009. The number of borrowers missing more than 60 days of mortgage repayments increased

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