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Published by iowajumpstart

Office of Research blog: Credit score transitions during the COVID-19 pandemic January 25, 2023
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.
For many struggling mortgage borrowers with home equity, selling their home could be an alternative to foreclosure January 20, 2023
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. […]