Mortgage applications rose again despite rates moving slightly up last week. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – jumped 3.7%, adding to the week prior’s 10.4% spike. Adjusted purchase applications rose by 8%, while the unadjusted index increased by 3% and…
TransUnion released a new portfolio management tool to help lenders manage risk for home equity loans. TruVision Consumer Property Insights for Portfolio Management was designed to calculate property value fluctuations as more homeowners tap into their accrued equity. The product offers new insights such as combined-loan-to-value. It links property lien data with the corresponding tradeline,…
Interest rates have dampened demand for mortgages, but some areas remain prime opportunities for lenders, according to a new study from TransUnion. The study, “Where Will Growth In Mortgage Originations Come From?,” analyzed the credit-active U.S. population between Q2 2017 and Q1 2022. It flagged consumers with a variety of traits, such as VA eligibility…
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