Consumer Borrowing Increased in July 2011 According to the Federal Reserve’s latest G19 Statistical Release based on freecreditreport Ohio July 2011 data, this was the tenth consecutive month that consumer debt increased since April 2008.
From June 2011 to July 2011, credit borrowing increased $12 billion, which was double freecreditreport Ohio than projected.
This was due to non-revolving debt which increased by $15.4 billion which is an annual rate of 11.2%.
Revolving debt decreased by $3.4 billion which freecreditreport Ohio is an annual rate of -5.2%.
The Federal Reserve’s definition of non-revolving credit includes freecreditreport Ohio student, auto, boats, and personal and mobile freecreditreport Ohio home loans. For this report, debt secured by real estate such as residential mortgages and home equity lines of credit are not tracked. online free credit check The increase in non-revolving debt was mostly federal government debt from student loans. There was a slight increase in car borrowing, which increased from an annual rate of 11.41 million autos to 12.2 million. Read the rest of this entry The FBI Mortgage Fraud Report is conducted annually to better understand the threat posed by mortgage fraud crimes against the U.S. This most recent report was based on 2010 information and released in 2011. The information was compiled from many sources including the FBI; federal, state and local law enforcement; mortgage industry; other government agencies such as Fannie Mae and Freddie Mac. credit report scores free
According to the FBI, “mortgage fraud is a material misstatement, misrepresentation, or omission relied on by an underwriter or lender to fund, purchase, or insure a loan. This type of fraud is usually defined as loan origination freecreditreport Ohio fraud.
Mortgage fraud also includes schemes targeting consumers, such as foreclosure rescue, short sale, and loan modification.” Read the rest of this entry TransUnion, one of the three credit reporting agencies, received many phone calls in September from consumers regarding a fraud scam. Its because of the volume of calls that TransUnion became aware of the scam. It involves text messages and voicemails freecreditreport Ohio informing credit card customers that their credit card has been deactivated and are instructed to call a number for more information. When the number is called, a recorded message asks for the sixteen-digit credit card number plus more personal information. free credit report no credit card needed
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