Gen Z increases homeownership amid affordability struggles

Younger homebuyers are gaining ground in the market, despite persisting affordability constraints, a new industry report found. Processing Content Gen Z accounted for 20% of purchase rate locks in the second quarter this year, the largest share on record, according to Intercontinental Exchange’s July Mortgage Monitor report.  The generation, whose oldest members turned 29 this […]

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How the federal student-loan overhaul may impact banks

Key insight: Major changes in the federal student-loan program, authored by congressional Republicans and the Trump administration, offer both opportunity and peril for banks. Supporting data: The $10.8 billion private student-loan market is expected to grow substantially, potentially offering a new opportunity for big banks, several of which exited the market over the last 10

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GSE capital rule revamp plan coming soon, investor predicts

The Trump administration’s interest in regulatory capital reform could extend to the government-sponsored enterprises in ways that could build value for a new offering of shares, one investor says. Processing Content President Trump’s executive order on mortgage credit and the Basel III re-proposal point to interest in rewriting the enterprises’ regulatory capital framework, wrote Glen

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