by Vance Edwards, CMB | Sep 15, 2016 |
College debt has been on my mind a lot lately, which isn’t too surprising since student loan debt is a hot topic in the media. There was $1.2 trillion in student loan debt at the end of last year, or so I’m told by the Federal Reserve Bank of New York. I confess, I...
by Geoffrey Cooper | Dec 23, 2014 |
There were some rumblings of excitement among mortgage lenders last week when Fannie Mae announced changes to its underwriting guidance pertaining to deferred student debt. At closer inspection, the changes will benefit most student debt-laden borrowers, but not all....
by Geoffrey Cooper | Nov 12, 2014 |
So your borrower has deferred student loans. Let’s say $100,000 worth of them. Ouch. The deal may not be dead if you’re willing to do the work. First of all, you need to understand that the monthly payment amount noted on the credit report for loans in deferment is...
by Shelley Callaghan | Aug 27, 2014 |
Millennials are a well-versed group. They can text with their eyes shut, multi-task all day long and somehow keep in touch with everyone they’ve ever met. But when it comes to getting home loans, they’re woefully in the dark about their options, and that’s why so many...