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Periodic Updates

Public Record Changes in Credit Reports

As part of the National Consumer Assistance Plan, which covers a multitude of initiatives to strengthen the quality of credit reports and add transparency for consumers, the three nationwide consumer reporting agencies (NCRAs), Equifax®, Experian®, and TransUnion®, communicated upcoming changes to their collection of public record data. As part of this effort, the NCRAs have developed new standards for the collection and updating of civil judgments and tax liens. These new standards will require:

  • Minimum personally identifying information (PII): Name, address, SSN, and/or date of birth
  • Minimum update frequency to public records data

Preliminary analysis from the NCRAs of the changes to enhanced standards reveals the following:

  • Significant change is expected for civil judgment data as approximately 96% may not meet the enhanced PII requirements.
  • Significant change is expected for tax lien data as approximately 50% may not meet the enhanced PII requirements.
  • No change is anticipated for bankruptcy data.

The enhanced standards are scheduled to go into effect July 1, 2017 and may impact the public record information contained in credit reports obtained by Envoy Mortgage. The potential issue here is that, with the items noted above not being as likely to be on the credit report, we may find more files get hung up once the client is under contract when the title search is done. At that time, the civil judgments and tax liens could pop up. 

If you have questions about this, please contact us for additional information.

Markets in a Minute | March 10, 2017

For the Week Ending March 10, 2017

Please enjoy this quick update on what happened this week in the housing and financial markets.



A Fed policy rate hike next week is now almost 100% certain, after recent comments by Fed officials. The Fed anticipates three rate increases in 2017.
The Fed’s mandate is to keep strong employment and low inflation. Jobs data this week showed the labor market remains strong, with low unemployment.
Inflation is on the rise, both in the U.S. and abroad, as the economy continues to grow. Inflation pressures mortgage rates and could contribute to higher rates.


Fannie Mae’s Home Purchase Sentiment Index for February had five of the six components hit record highs, showing continued strength in the housing market.
Consumer confidence in the housing market hit a new all-time high in February. Of those surveyed, 40% say now is a good time to buy a home.
Although tight inventory remains a problem, there may be hope on the horizon. Twenty-two percent of consumers say now is a good time to sell, also a new high.


A recent scientific study showed that out of 2,293,618,367 people, 94% are too lazy to actually read that number.


Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.