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Research Finds that Student Loans Hinder Millennials From Saving for a Home

The conflicts of student loan debt surpass just actual repayment. Trulia research titled "The Debt of Wrath: Do Student Loans Affect Saving for a Home?" recently found that college degrees hinder young millennials from saving up for a 20 percent down payment on a home due to student loan repayment, but in the most expensive markets, only those with a college degree will be capable of saving up enough for a home in their lifetime.

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The Enterprises & CSS Develop Industry Advisory Group

Freddie Mac, Fannie Mae, and Common Securitization Solutions, LLC (CSS) jointly announced on Wednesday the development of an Industry Advisory Group. The group will provide feedback and share information on efforts to build the Common Securitization Platform (CSP) and implement the Single Security.

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Mortgage Rates Down Following Crisis in Greece

The 30-year fixed mortgage rate has dropped five points from last week, following the widespread crisis in Greece. According to Zillow Mortgages, the current rate is 3.88 percent. It rose to 3.97 percent on Wednesday and stayed there throughout the holiday weekend, then fell to the current rate early this week.

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Report Finds that Home Prices Increased by 6.3 Percent in May

Home prices nationwide, including distressed sales, increased by 6.3 percent in May 2015 compared to this time last year, according to CoreLogic’s May 2015 Home Price Index Report (HPI). This will make 39 months of consecutive year-over-year increases in home prices nationally.

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Greece Bailout Crisis May Hit Home and Influence Mortgage Market

Greek citizens delivered a surprising response to Europe’s leaders on Sunday, when a majority of voters rejected a deal offered by the country’s creditors. In this historic turn of events, the Interior Ministry reported that with more than 90 percent of the vote tallied, 61 percent of the voters said no to bailout terms offered by the country's international creditors, while 39 percent voted yes to these terms. Media outlets and industry experts gauged the connection that the Greece crisis can have on the U.S. mortgage industry finding that much of the issue rests with interest rates.

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CUNA Asks CFPB to Further Delay TRID Effective Date Until January 1, 2016

The Credit Union National Association (CUNA) has asked the Consumer Financial Protection Bureau (CFPB) to delay implementation of the TILA-RESPA Integrated Disclosure (TRID) Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016. CUNA, which represents America's credit unions and their more than 100 million members, issued their request in the form of a comment submitted via email on CFPB's proposal that would delay the effective date of TRID until October 3, 2015.

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Denver Tops List of Investment Rental Markets

There are still many opportunities for real estate investors to acquire properties, despite the decrease in inventory of foreclosed homes, according to new quarterly data from HomeVestors, the ‘We Buy Ugly Houses’ organization, and Local Market Monitor, a real estate forecasting solution. According to the data, Denver, Colorado leads the top 10 list for real estate investing, while Texas dominates the top 10 holding four spots.

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