Key insight: The three credit bureaus — Equifax, Experian and TransUnion — say the complaint portal is being abused by third-party credit repair firms and AI bots. What’s at stake: Credit repair firms are using the CFPB’s complaint portal to try to remove accurate but negative information from credit reports. Supporting data: Credit reporting complaints hit […]
CFPB implements new requirements for complaints on its portal Read More »
Profits for Intercontinental Exchange’s mortgage technology operations remained in the black for the third straight quarter, as the company touted its software adoption even as customers adjusted for recent slowdowns in volume. Processing Content Revenues for the mortgage unit increased to approximately $532 million in the fourth quarter, increasing from $528 million in the previous
ICE reports strongest mortgage revenue in over 3 years Read More »
Mortgage rates rose again in the first full week following the Federal Open Market Committee’s decision not to reduce rates during its January meeting. Processing Content Following the meeting, Pres. Trump nominated Kevin Warsh, a former Fed governor, to replace Jerome Powell as chairman. Warsh is seen by the markets as someone who is more
Mortgage rates nudge higher as markets stay jittery Read More »