- Minority Borrowers Feel Mortgage Pinch
Wall Street Journal 23 Sep 2014
While the housing market continues its unsteady rebound, a new Federal Reserve study shows that black and Hispanic borrowers are receiving a smaller slice of the mortgage pie.
- Should Mortgage Lending Standards Ease?
Wall Street Journal 22 Sep 2014
One reason home construction is barely rising is today's tough lending standards. Whether or not to relax underwriting, however, is no simple matter.
- Bill Limiting 'Payday Loan' Rates Pre-Filed in Kentucky General Assembly
WFPL News 22 Sep 2014
State Sen. Reggie Thomas (D-Lexington) has pre-filed a bill for the 2015 Kentucky General Assembly that would limit the amount of interest charged by payday lenders and gradually lower borrowers' ...
- College Debt Leaves Generation X Grads Less Wealthy Than Parents
Dallas Morning News 21 Sep 2014
Although most college-educated Americans in their 30s and 40s earn more than their parents did at the same age, a new Pew Charitable Trusts report finds they are saving less -- partly due to student ...
- In Checking Accounts, The Less You Have, The More You May Pay
New York Times 21 Sep 2014
The rules and fees associated with basic checking accounts can vary widely, with the annual cost ranging from $0 to more than $700, based on a 2014 survey by WalletHub.
- Lenders Turning to High-Interest Personal Loans
Wall Street Journal 19 Sep 2014
Lenders are focusing on high-interest personal loans in an attempt to increase revenue, which is being chipped away by new rules on mortgages and credit cards.
- CFPB Memo Extends Mortgage Protections to Same-Sex Marriages
Housing Wire 19 Sep 2014
The Consumer Financial Protection Bureau has quietly issued guidance reminding mortgage professionals that it expects same-sex households to receive fair treatment when applying for home loans and ...
- Student Debt Could Reduce Home Sales 8 Percent This Year, Report Says
Wall Street Journal 19 Sep 2014
Mounting student loan obligations will hold back home sales by about 8 percent this year, predicts John Burns Real Estate Consulting. A report released by the advisory firm on Sept.
- The Democrats' Student-Loan Weapon
Wall Street Journal 18 Sep 2014
Sen. Elizabeth Warren (D-Mass.) has become her party's primary advocate for student-loan reform; however, her proposal to let borrowers refinance at current rates was shot down by Republicans.
- Banks Discount Mortgages
Wall Street Journal 17 Sep 2014
In a move to help low-income and subprime borrowers, two of the country's biggest banks have agreed to offer below-market interest rates on certain home loans.
- Congress Considers Bill to Aid Homeowners Facing Foreclosures
Central Valley Business Times (CA) 17 Sep 2014
With bipartisan co-sponsorship and support from the real estate sector, U.S. Rep. Jerry McNerney (D-Calif.) has introduced a proposal that would accelerate short sales.
- Old Debts, Fresh Pain: Weak Laws Offer Debtors Little Protection
ProPublica 16 Sep 2014
New research reveals that millions of Americans, most earning $40,000 or less, are feeling the financial pain of having a chunk of each paycheck garnished to pay off consumer debts.
- El Paso City Council Approves Payday Lending Zoning Restrictions
El Paso Times (TX) 16 Sep 2014
City councilors in El Paso, Texas, have passed a new zoning ordinance for payday lenders, subjecting the "predatory" businesses to new restrictions.
- New Ordinance Regulates Amarillo Pay Day Loan Industry
ConnectAmarillo.com (TX) 16 Sep 2014
The Amarillo City Council on Sept. 16 gave final approval to an ordinance concerning Credit Access Businesses (CABs), after a community meeting and two public hearings.
- Student-Loan Borrowers Have Chance to Refinance at Lower Rates
Wall Street Journal 16 Sep 2014
Citizens Financial Group has joined the handful of lenders that are now refinancing federal student loans into private ones.
- Would a GOP Senate Foretell Change for Consumer Agency?
McClatchy News Service 16 Sep 2014
The growing pains of the controversial Consumer Financial Protection Bureau have attracted negative attention in Congress and could cause further headaches for the bureau, which likely will come ...
- Last Week Tonight on Student Loans
Last Week Tonight with John Oliver 15 Sep 2014
On Sunday, September 7, 2014, the HBO program Last Week Tonight with John Oliver featured a segment on student loans. In addition to discussing the size of student loan debt, the segment also featured information about the role for-profit colleges play...
- Counterpoint: Race Does Matter in Mortgage Lending
Housingwire 15 Sep 2014
In response to a Housing Wire column that alleged that mortgage lending was color-blind, CRL’s Nikitra Bailey, executive vice-president for external affairs, penned a rebuttal. Her column cites research that proves the journey towards far fair housing still has a long way to go.
- Federal Agency Sues Two Johnson County Men, Says They Bilked Payday Loan Customers out of Millions
Kansas City Star 15 Sep 2014
The Federal Trade Commission (FTC) has asked for injunctions against more than a dozen payday lending outfits controlled by Timothy A. Coppinger and Frampton T. Rowland III of Johnson County, Mo.
- Credit Access Is a Top Worry for Housing-Industry Executives Looking at 2015
MarketWatch 15 Sep 2014
With 2015 just over the horizon, housing executives are concerned about the impact of tight underwriting on next year's residential property market.