US EditionHome Buyers May Face Surprise Credit Hit from Student Loans
- A New York Fed report on March 26 noted potential trouble for home buyers.
- The student loan on-ramp, meant to ease repayment, ended September 30, 2024.
- About 10 million borrowers now face loan delinquency, impacting home buying plans.
- Martin Lynch stated that scores may drop 150 points with delinquency.
- Credit damage from delinquency may delay or derail homeownership plans.
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Home Buyers May Face Surprise Credit Hit from Student Loans
Spring and summer are traditionally hot months for homebuying, but some would-be buyers with student loan debt could encounter unexpected trouble.Nearly 10 million federal student loan borrowers may be facing delinquency, potentially dropping their credit scores by 150 points or…
·Cherokee County, United States
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Total News Sources24
Leaning Left1Leaning Right2Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
C 73%
R 18%
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