technology: New Credit Score Technology - 02/03/09 10:32 AM
When it comes to mortgage underwriting, amongst other things, Canadian banks assess risk based on the likelihood that the borrower will go bankrupt in the future.  Concern for bankruptcy has heightened in the midst of the current credit and financial crises.  According to the Office of the Superintendent of Bankruptcies, consumer bankruptcies through October 2008 are at their highest rate since 1997's all-time high.
To address this risk, TransUnion has announced the new TransUnion Bankruptcy Score, which when combined with a general risk score can provide greater management insight for lenders to help protect from bankruptcy losses than any single score.  … (0 comments)

 
Blair Anderson (Anderson Associates Mortgage Brokers)

Blair Anderson

Hamilton, ON

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Anderson Associates Mortgage Brokers

Address: 349 Beach Blvd., Hamilton, ON, L8H6W4

Fax: (905) 547-9417

Office: 90(554) 760-9324

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