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.
Taking out a loan to finance an education is the new American dream. With more citizens needing higher education to get a job, and the price tag on that education going up, the market is now desperately out of whack. The outcome? Mortgages in the U.S. are taking a backseat to student loans.
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more..
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with. Read More
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs. Read More