Despite the election being 18 months away, the campaign is already in full swing. Recently, one candidate for the White House actually said something that gives us at HousingWire a little hope for the next 18 months, however right or wrong his statement may be.
Despite the level of student loan debt rising to well above $1 trillion, young buyers are not being inhibited from obtaining a mortgage due to their debt, according to a new report from TransUnion. In fact, not only are younger consumers with student debt able to get a mortgage, they are also quite adept at making their payments as well.
One thing that hasn’t been underreported in housing in 2014 is the crushing amount of student debt out there, but Nick Timiraos looks into just how much it impacts housing and mortgage finance in the Wall Street Journal.
The student debt crisis is a hot topic right now in Washington D.C. Following President Barack Obama's executive order Monday, Senator Elizabeth Warren’s, D-Mass., student debt legislation could also see more movement in coming days.
Once again, reports are streaming in about how student debt is ruining the housing recovery. But this time, the Consumer Financial Protection Bureau weighed in on one of the biggest factors blocking household formation.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More