At a conference last month in Washington, DC, Amy Crews Cutts, the chief economist at consumer credit agency Equifax, told mortgage bankers that an increase in tens of thousands of homeowners» monthly payments on these home equity lines is a pending «wave of disaster.» (reuters.com)
The number of borrowers missing payments around the 10 - year point can double in their eleventh year, data from consumer credit agency Equifax shows. (reuters.com)
Let's look at consumer credit agencies first. (nav.com)