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How to buy a house when you have student loan debt

Fotolia/TNS Robin Saks FrankelBankrate.com You went to college, maybe even graduate school, and got a job. You’ve been steadily employed since then and are bringing home a decent paycheck. A generation or two ago, the next step would likely have … Read more

Homeownership Rate Rose in 2017 for First Time Since 2004

The U.S. homeownership rate rose in 2017 for the first time in 13 years, driven by young buyers who overcame rising prices, tight supply and strict lending conditions to purchase their first homes. The annual increase marks a crucial turning … Read more

Is Your Student Loan Debt Hurting You Financially? Over 42% Say Yes

Given how expensive a college education is, it’s no surprise that so many graduates end up with crushing student loan debts. And while these debts don’t carry the extremely high interest rates that credit card accounts do, the sheer size … Read more

Homeowners are sitting on trillions in cash

A growing number of homeowners are in the money — big money. The amount of home equity borrowers now have at their disposal reached an all-time high in the third quarter of last year. The 42 million homeowners with mortgages … Read more

IRS scrambles to clear ‘clogged drain’ slowing mortgage applications

WASHINGTON — Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans. During a conference call late Monday, IRS … Read more

Data breach at Equifax prompts a national class-action suit

The scenario that personal finance and credit experts feared most about the heist of consumer data from Equifax may already be underway: Criminals are using the stolen information to apply for mortgages, credit cards and student loans, and tapping into … Read more

Equifax hack isn’t over – more risks ahead

FILE – This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) More Long after the Equifax breach was announced, people were still struggling to freeze their credit … Read more

ProEducation Solutions Partners with Veri-Tax

Automated Verification Solution – ProVerify SARASOTA, FL AND IRVINE, CA, October 26, 2017 – ProEd and Veri-Tax recently formed a partnership to provide colleges with a new automated verification solution called ProVerify. Essentially, ProVerify embeds the Veri-Tax electronic tax data … Read more

3 Reasons A Credit Freeze Won’t Protect You

Last week, Equifax announced a staggering data breach that has impacted 143 million Americans. This is considered the worst theft of consumer data in American history. Fraudsters now have access to 143 million Social Security numbers, dates of birth and address information. The … Read more

How the increasing nonbank origination share is changing the housing market

Nonbank originations hold lower average FICO scores The origination share from nonbanks has increased significantly over the past five years, and is bringing several changes to the residential lending market. Overall, the nonbank origination share increased from 30% in 2013 … Read more