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Student Loans Not Affecting Credit Access of Millennials

A TransUnion study discovered that in spite of the rises in student-loan balances for the past decade, younger consumers have not allowed loan obligations to hinder repayment of other credit-related items such as auto loans and mortgages when compared with peers with no student loans. These findings place a contradiction on the belief that student debt is preventing young adults from accessing credit.

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Renting vs. Buying: HOA Fees May Make Renting More Appealing than Buying

Recent results from Trulia’s Rent vs. Buy Report reveals that purchasing a home with a traditional 30-year mortgage and 20 percent down payment is cheaper than renting, but additional fees from the homeowner association (HOA) can make renting seem more appealing especially for New York and Honolulu residents whose HOA fees are considerably higher.

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HFPC Panel Addresses Servicing Hot-Topics

Mortgage service regulations have not yet fully caught up with significant industry changes over the past five years, according to an Urban Wire blog post by the Urban Institute and author Karan Kaul.

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CFPB and HUD Secretary Castro Address Housing Choice Voucher Program

The Consumer Financial Protection Bureau (CFPB) recently issued a bulletin to help mortgage lenders evade illegal discrimination against applicants that include vouchers from the Section 8 Housing Choice Voucher (HCV) Homeownership Program in their income when applying for a mortgage loan. This type of discrimination may violate federal fair lending protections.

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Metro Areas Facing Growing Inequality

According to a National Association of Realtors (NAR) recent study, rising prices of homes have helped homeowners build housing wealth, but the research found a worsening inequality in homeownership gains in metro areas.

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Freddie Mac Posts Upward Trending Mortgage Rates

In their Mortgage Market Survey (PMMS), Freddie Mac found that mortgage rates inched to the highest levels seen in nearly a month for the week ending May 7, 2015. Len Kiefer, deputy chief economist at Freddie Mac, attributes the rise in part to a selloff in German bonds that drove U.S. Treasury yields above 2.2 percent.

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Ranking: Best and Worst Presidents by Homeownership Rate

There are many metrics by which to judge the current administration against those of the past. This week, ValueWalk ranked the ‘best’ and ‘worst’ presidents as judged by their homeownership rates. Making ValueWalk’s ‘best’ list were Presidents Clinton, Johnson (Lydon), and Carter who saw homeownership expand during their presidencies by 5.1 percent, just over 1.1 percent, and just under 1.1. percent, respectively. ValueWalk ranks President Obama as one of the worst presidents when it comes to homeownership numbers, followed by President Regan

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