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Category: Data, research, and reports |
Published

Office of Research blog: Credit score transitions during the COVID-19 pandemic

The distribution of credit score tiers shifted upward during the pandemic. Individuals in all credit score tiers were more likely to move up at least one tier or remain in their own tier during the pandemic, but upward mobility was especially improved for consumers with subprime credit scores.

Category: Policy and compliance |
Published

For many struggling mortgage borrowers with home equity, selling their home could be an alternative to foreclosure

Mortgage servicers have direct communication with homeowners. Servicers may remind homeowners that one option to avoid foreclosure is selling the home. Servicers may recommend homeowners speak with a real estate agent for a free estimate of the home’s current value. Servicers can also direct struggling homeowners to HUD-approved housing counseling agencies.

Category: Data, research, and reports |
Published

Office of Research Blog: Even as rents increase, fewer people are buying

The past two years of high inflation have been difficult for renters. A substantial percentage of renters missed rent payments, and relatively few renters who missed payments found assistance. Additionally, we show that the transition to homeownership has slowed markedly in the past year. Notably, Black and Hispanic families were less likely than non-Hispanic white families to get a mortgage when interest rates were low.

Category: Policy and compliance |
Published

Mortgage financing options in a higher interest rate environment

With mortgage interest rates elevated to levels not seen in many years, homebuyers are more likely to be offered, or seek out, alternatives to fixed-rate mortgages to help lower their monthly mortgage payments. Mortgage applicants should be aware of how these programs work to select the best option for their financial situation.

Category: Data, research, and reports | Category: Info for consumers |
Published

Consumidores perjudicados por servicios fraudulentos de alivio de deuda de préstamos estudiantiles, recibirán compensación

Los consumidores recibirán cheques provenientes de nuestra acción de cumplimiento de ley contra cinco compañías de alivio de deuda de préstamos estudiantiles, asociadas a Monster Loan y Tech Loans, por violar leyes de protección al consumidor

Category: Data, research, and reports | Category: Info for consumers |
Published

Usted puede ayudar a cuidadores a descubrir tácticas ilegales de cobranzas de deudas con hogares de cuidado

Sepa qué pasos dar para proteger a cuidadores de hogares de cuidados y cobradores que podrían estar facturándoles y demandándoles por costos de cuidados a residentes, basándose en contratos de admisión ilegales

Category: Data, research, and reports |
Published

Mejorando la data del público usada en préstamos automotrices

Los préstamos automotrices representan la tercera porción más grande del mercado de créditos al consumidor. Aunque más de 100 millones de personas tienen préstamos para autos, este siempre cambiante mercado carece de data detallada. Estamos buscando información del público sobre data clave en el crédito automotriz.

Category: Data, research, and reports |
Published

Office of Research blog: Higher interest rates leading to higher debt burdens for mortgage borrowers

Mortgage interest rates have been rising sharply in recent months, impacting mortgage borrowers and applicants. Using quarterly HMDA data on closed-end home-purchase loans, we find that monthly payments and debt burdens (as measured by DTI) have increased, with a higher percentage of mortgage application denials reporting DTI as a reason for not qualifying.