Tag Archives: Student Loans

Major steps taken will provide increased access to FHA loans for individuals with student loan debt.

As young adults face ever-higher rates of student debt, the housing and lending industry is feeling the slowdown.

In this video spotlight, DS News explores a recent report that explored the correlation between higher education costs and foreclosure rates. Click through to learn what the data revealed.

Student loans are the bulk of most millennial's debt, even putting some millennials behind on their mortgage payments, but it isn't the only debt facing this group. See what other debt burdens millennial homeowners are facing.

Student debt is becoming a fact of life. However, in addition to debt form tuition and loans, many students are facing homelessness and less-tha-ideal living conditions as they struggle to pay their rent, mortgages, and utilities.

On Thursday, VantageScore Solutions, LLC and TransUnion released the VantageScore Default Risk Index (DRI) for Q4 2016. According to the DRI, when it comes to default risk, mortgages pose a lower threat than auto loans, student loans, and bankcards with the DRI for these four categories came in at 85.4 (mortgage) , 89.3 (auto), 90.0 (student loans), and 96.8 (bankcards) respectively. Despite the lower default risk compared to other debt categories, mortgage risk is up quarter-over-quarter.

Federal officials are pondering the weight of student loan debt on young adults and if the benefits of higher education outweigh the downside of student loan debt when it comes to homeownership?

Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.

One of the pet reasons for explaining the lack of demand for houses among millennials is the presence of ever-escalating student loan debts. The thinking goes that college graduates are so mired in debt that they either cannot afford to buy or are too afraid to run up more debt, and so they stay living with their parents or find cheap places to rent.

CFPB Director Richard Cordray appeared before the Senate Committee on Banking, Housing, and Urban Affairs Tuesday morning to give the Semi-Annual Report of the Consumer Financial Protection Bureau. At the hearing, a myriad of topics were discussed, including mortgages, student loans, as well as proposed data collection efforts for the National Mortgage Database.