The use of positive information for credit reporting and scoring for existing bank customers has begun in Hong Kong, according to Chicago-based credit reporting company TransUnion.The use of the information follows a two year collection period that started in June 2003, TransUnion said. "The positive work that is being done and the relationships we are building [are] a testament to our commitment to China," said Ralph Sorice, president of TransUnion - International. "We plan to continue on this successful path working and consulting with the Peoples Bank of China, government officials and other financial institutions." TransUnion can be found on the Web at http://www.transunion.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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