Record Mortgage Volumes Push Total Consumer Debt to $2.15 Trillion
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: GlobeNewswire
TORONTO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- New mortgage volumes climbed to over 410k during Q2, the highest ever volume recorded in a single quarter. This is a 60.2 per cent increase compared to the same period in 2020, according to Equifax Canada’s most recent consumer credit trends and insights report. Soaring home prices have also increased the average loan amount for new mortgages to over $355k, a 22.2 per cent increase from Q2 2020. New mortgage growth has been strong across the country, but B.C. saw an exceptional increase in new mortgage volume during the second quarter with a year-over-year increase of 85.7 per cent. Apart from a strong housing market, seasonality and refinancing also played a big role in the new mortgage growth this quarter. High mortgage growth and low interest rates have helped Home Equity Lines of Credit (HELOCs) rebound. New HELOC volume increased by 56.7 per cent when compared to Q2 2020 — the highest it has been in the last ten years. Variable Rate
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EFX
News
- Equifax Workforce Solutions Launches Forms HQ, Expanding the PeopleHQ™ Portal [Yahoo! Finance]Yahoo! Finance
- Equifax Workforce Solutions Launches Forms HQ, Expanding the PeopleHQ™ PortalPR Newswire
- Equifax Canada testing use of rental payment data for credit scores [MoneySense]MoneySense
- Equifax testing use of rent data for credit scores [Investment Executive - News]Investment Executive - News
- Equifax Canada testing use of rental payment data for credit scores [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
EFX
Earnings
- 4/17/24 - Beat
EFX
Sec Filings
- 4/22/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- EFX's page on the SEC website