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CHFA Launches Mortgage Rate Reduction Program

CHFA Launches Mortgage Rate Reduction Program

by The Commercial Record | Jul 23, 2024 | Banking & Lending, CR Daily, Industry News

Student loan borrowers facing trouble affording a mortgage have a new option courtesy of the Connecticut Housing Finance Authority.

CFPB Reports Increase In Complaints From Connecticut

CFPB Reports Increase In Complaints From Connecticut

by The Commercial Record | Jun 28, 2017 | CR Daily, Industry News, Residential Real Estate

The overall number of complaints in the Nutmeg State is on the rise, according to the Consumer Fraud Protection Bureau (CFPB) monthly ‘snapshot’ complaint report.

Say Goodbye To Low Interest Rates On Federal Student Loans, At Least For Now

by The Commercial Record | May 11, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Families have been benefiting from historic lows on student loan interest rates. But that will change this fall.

Fannie Mae Eases Burden Of Student Loans

Fannie Mae Eases Burden Of Student Loans

by Kenneth R. Harney | May 4, 2017 | Opinion, Residential Real Estate

Here’s some good news for homebuyers and owners burdened with costly student loan debts: Mortgage investor Fannie Mae has just made sweeping rule changes that should make it easier for you to purchase a first home or do a “cash-out” refinancing to pay off your student debt.

Citizens Bank Survey Reveals Student Loan Anxieties

by The Commercial Record | Oct 18, 2016 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Prospective college students and their families overwhelmingly find the student loan application process intimidating and confusing and could probably benefit from speaking to a financial professional about their situation, according to a recent survey from Citizens Bank.

Student Debt Can Put A House Out Of Reach

by Kenneth R. Harney | Sep 17, 2015 | Industry News, Residential Real Estate

Heads up for Millennials and first-time home shoppers carrying student debt: New rules could make it tougher to qualify for a low down payment Federal Housing Administration (FHA) mortgage. New rules on down payment gifts could complicate things for you as well. The...

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