Beginning on July 1, 2017 the nation’s 3 largest credit bureaus will implement a reporting change that will significantly reduce the amount of tax-lien and civil-judgement information reported within consumer credit reports. This change, which was implemented under the National Consumer Assistance Plan (NCAP), will result in the elimination of the above reported items if consumers ...
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HELOC resets offer opportunity for lender leadership
March 23, 2015
HELOC reset warnings were issued early last year, but action taken by lenders was mixed. While HELOC resets pose a huge risk to both lenders and borrowers, there is also an opportunity for home equity lenders to step up and lead − perhaps even gaining market share and a competitive advantage. Many experts think the...
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