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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Equifax Inc | NYSE:EFX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 227.05 | 2 | 12:00:09 |
ATLANTA, Sept. 18, 2018 /PRNewswire/ -- First mortgage originations have continued to show a slight but steady increase, with more than 2.77 million first mortgages originated year-to-date through May 2018, reflecting a total dollar amount of $689.8 billion during this period, according to data from the latest Equifax (NYSE: EFX) National Consumer Credit Trends Report. The latest report also found:
"The strong showing in the second quarter of 2018, with real GDP growth at a 4.2 percent annual rate, has revived the auto market and sent consumers spending," said Gunnar Blix, Deputy Chief Economist, Equifax. "Sales of new vehicles have been running ahead of expectations for the first seven months of the year—currently sales are 1.6 percent higher than last year at this time. Home sales continue to disappoint, due to tight inventories and increased construction costs, but mortgage refinance has been slightly stronger than expected."
Additional data from the Equifax National Consumer Credit Trends Report includes:
Auto
Mortgage
Banking
"Credit demand has shifted towards consumer finance, particularly the online or 'marketplace' offerings of unsecured personal loans," said Blix. "Consumers with good credit see opportunities to consolidate credit card debt, complete projects, or fund other ventures. Lenders see opportunities to reach consumers through new Fintech platforms."
Leveraging data from the Equifax U.S. Consumer Credit database of more than 220 million consumers, the National Consumer Credit Trends Report reveals population-level debt and lending insights, including originations, balances, number of loans, delinquencies and more.
Follow our product news on Twitter at @EquifaxInsights and on LinkedIn at Equifax Business Insights.
About Equifax
Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions.
Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 10,800 employees worldwide.
FOR MORE INFORMATION
1550 Peachtree Street, NE
Atlanta, Georgia 30309
Wyatt Jefferies
Sr. Director, Public Relations
404.885.8907
wyatt.jefferies@equifax.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/equifax-first-mortgage-originations-continue-steady-rise-reaching-over-680-billion-in-total-balance-300713941.html
SOURCE Equifax Inc.
Copyright 2018 PR Newswire
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