J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers. “Although ...
Read More »The Ripple Effect of Student Loan Debt
Around 44 million borrowers owe roughly $1.6 trillion in student debt. Click through to see how that debt load is felt when it’s time to buy a home.
Read More »Freddie Mac Updates Student Loan Debt Requirements
As student loans can serve as a major setback for potential homeowners, Freddie Mac recently reported that it has revised requirements for qualifying borrowers with student loan debt.
Read More »More Boomers Refinancing, Taking Out Student Loans
New data shows that Baby Boomers may be just as saddled with student loan debt as millennials—maybe even more. Between 2005 and 2015, people aged 60 or older saw their student debt increase eight times, while debt for those under 30 increased just twice. Many Boomers are taking out loans and refinancing their homes to either return to school or help their children and grandchildren with college tuition.
Read More »Fannie Mae Tackles Student Debt Problem
Fannie Mae is now offering three solutions for borrowers with student loan debt. They will allow borrowers to exclude student debt in their debt-to-income ratio, let lenders accept student loan payments on credit reports, and allow borrowers to refinance in order to pay down student debts. Student loan debt is one of the biggest barries to homeownership today.
Read More »Housing, We Have a Student Loan Debt Problem
Student loan debt is growing while the homeownership rate is shrinking.
Read More »Millennials Fight the Student Loan Debt Albatross
Millennials have been cited by many analysts as the key to increasing the dismal homeownership rate. How much is the increasing student loan debt affecting their ability to buy a home?
Read More »Can Higher Education Boost Homeownership?
Federal officials are pondering the weight of student loan debt on young adults. Do the benefits of higher education outweigh the downside of student loan debt when it comes to homeownership?
Read More »Share of Student Loan Debt-Laden Borrowers Rising
Recent reports saying that borrowers burdened with student loan debt are having a hard time attaining homeownership. Those reports may be exaggerated, however.
Read More »Mortgage Borrowing Dampened by Student Loan Debt
So how adversely does student debt affect consumers' ability to get a mortgage loan? A report from the Federal Reserve Bank of Cleveland released Monday showed that as the percentage of younger consumers with student loan debt rose over the last ten years, those with a mortgage declined.
Read More »