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First Quarter Mortgage Originations Soar
Total mortgage origination balances hit $466 billion in the first quarter, a 74.4% increase from the same time a year ago, according to the latest Equifax National Consumer Credit Trends Report.  more »
PRA Government Services, an arm of debt-buying giant PRA Group, has launched an interactive tool designed to aid the understanding of complex city and county budgets. more »
TransUnion said on Thursday that its initial public offering was priced at $22.50 per share, meaning the company is valued at an estimated $4 billion. more »
Credit Karma in San Francisco has raised $175 million in venture capital to expand its product offerings for consumers' personal finances. more »
CashPoint will forgive more than $2.36 million in consumer loan debt after reaching a settlement Tuesday with the West Virginia Attorney General’s office over alleged illegal collection practices. more »
Ally Financial and Ally Bank is starting to pay back $80 million to minority borrowers that the federal government found were victims of discrimination as a result of the companies’ indirect auto lending business. more »
A California collection agency and debt buyer settled a five-year-old lawsuit and will forgive more than $600,000 in consumer debt. The company did not admit any wrongdoing. more »
The decline in foreclosures and short sales is one of the best signs of how much progress the housing recovery has made. But it's also contributing to a dearth of housing inventory that's constricting the market. more »
Borrowers who signed up for home equity lines of credit during the real estate price surge were 30 or more days late on $1.8 billion in outstanding balances four months after principal payments began, according to credit reporting firm Equifax. more »
Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income. more »
Mark Parsells, executive chairman and CEO, Global Debt Registry
Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts." more »
Town officials in Manchester, Conn. have hired a collection agency to pursue people who are delinquent on their motor vehicle taxes. more »
Big banks and institutional lenders approved small-business loans at record rates in May, according to data from Biz2Credit. more »

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