Featured
Study ranks cities with the highest credit scores
Posted on Oct 01 2012 by daniel.almasy
In Experian’s recent State of Credit study which analyzes credit scores in more than 100 cities, Minneapolis took the number one spot, with an average VantageScore® of 787. The Midwest dominated the top 10 spots in the rankings and Wisconsin consumers continue to demonstrate their credit savvy, with four of the state’s metropolitan areas making [...]
How does a foreclosure affect a credit score versus a short sale?
Posted on Aug 27 2012 by daniel.almasy
When it comes to short sales, a status of “account paid in full for less than full balance” or “settled” will still have a negative impact on a credit score because it means the debt was not paid in full as agreed. According to VantageScore Solutions LLC, a mortgage loan settled through a short sale [...]
Study shows significant increase in credit limits
Posted on Jun 06 2012 by daniel.almasy
Year over year retail spend continues to trend up, translating into Bankcard balance growth and new originations. New Bankcard volumes (limits) came in at $59 billion in Q4 2011 – a 52 percent increase over the previous year. Register now for our upcoming credit trends webinar. Source: Experian Infographic: Bankcard and Retail Spending Trends.
Are mortgage originations continuing their decline?
Posted on Mar 28 2012 by josephine.munis
Even as interest rates remain at near-record lows, mortgage originations declined for the second quarter in a row in Q2 2011 to $268 billion, a 19 percent decline over the previous quarter. Refinance activity that spurred originations in 2010 has not been as prevalent this year. Listen to our recent Webinar on consumer credit trends [...]
Automotive loan originations shift into high gear
Posted on Mar 23 2012 by josephine.munis
Lenders continued to increase their appetite for risk in Q2 2011, with new vehicle loans for customers with credit outside of prime increasing by 22.4 percent compared with the previous year. In Q2 2011, 22.29 percent of all new vehicle loans went to customers in the nonprime, subprime and deep-subprime categories, increasing from 18.21 percent [...]
Study highlights generational gap on debt
Posted on Mar 20 2012 by josephine.munis
A recent Experian credit trends study showcases the types of debts Americans have, the amounts they owe and the differences between generations. Nationally, the average debt in the United States is $78,030 and the average VantageScore® is 751. The debt and VantageScore distribution for each group is listed below, with the 30 to 46 age [...]
Super-prime credit tier shows significant increase in mortgage origination volume
Posted on Mar 19 2012 by josephine.munis
In Q3 2011, $143 billion – or nearly 44 percent of the $327 billion in new mortgage originations – was generated by VantageScore® A tier consumers. This represents an increase of 35 percent for VantageScore A tier consumers when compared with originations for the quarter before ($106 billion, or 39 percent of total originations). Watch [...]
Welcome to Credit Cornerstone!
Posted on Mar 01 2012 by admin
This content of this page is produced from Credit Cornerstone Newsletter which focuses on credit trends and data intelligence. Interested in receiving our weekly Credit Cornerstone Newsletter? Sign up here!
Sign up to receive Credit Cornerstone
Resource Center
