First-quarter mortgage revenue dip flags a 2019 challenge for Equifax

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Last year’s first-quarter tax collections included revenue from an audit – money that wasn’t available this year – and collections were impacted by a change in filing 1, the city changed the threshold that allows some businesses to file and pay their taxes quarterly rather than monthly, so some collections.

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A red flag in the Equifax data was a decline in the share of people who completely pay off their credit cards each month. Consumer debt including mortgages was $1.83 trillion in the first quarter, up 0.4 per cent from the end of 2017 and 5.7 per cent from the same quarter a year earlier, Equifax said.

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The company said first-quarter profit was up 19 percent despite the drop in revenue. First-quarter operating cash flow was $2.1 billion, well over the analyst consensus forecast of $510 million reported by S&P Capital IQ. That means about 84 of the current 777swill be delivered in 2018 and 2019.

New-home sales decline in January to three-month low Inventory keeps contracting as higher rates deter sellers: Redfin Inventory for home buyers across US at 20-year low. Some who had locked in ultra-low fixed mortgage rates may be reluctant to take on a new loan at a higher rate. Others may wish to sell but.

in the revenue recognition criteria to find a way to recognize more. revenue during the period which in turn should increase the company’s earnings. revenue recognition policies for companies. We’re gonna look for unusual, seasonally adjusted quarterly trends in.

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Equifax has formally launched Verification Exchange, a product it’s been piloting since May. By the end of this quarter, Verification Exchange will let lenders automatically Equifax says it’s working with the Canada Revenue Agency to obtain borrowers’ tax information, which could address this limitation.

Mr Monti added that he was "very confident that a remarkable revenue will be generated. Europe is going into a double-dip recession. His comments come just a day after he said that European.

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