1) banks need this information for underwriting
2) the US doesn't have and won't ever have a centralized government/public database that contains this information
So
3) the private market takes over and compiles that information for profit
1) banks need this information for underwriting
2) the US doesn't have and won't ever have a centralized government/public database that contains this information
So
3) the private market takes over and compiles that information for profit