Subscribe CFPB: Student Loan Debt Holding Back Homeownership, Economy Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. in Daily Dose, Featured, Government, Headlines, News September 23, 2014 1,579 Views About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Print This Post The burden of student loan debt is preventing potential home buyers from starting households, which in turn is hindering overall economic growth, according to Consumer Financial Protection Bureau (CFPB) director Richard Cordray in remarks made on September 23.”I believe we are standing at a precipice when it comes to student loan debt in this country,” Cordray said. “That load has reached $1.2 trillion, second only to mortgages as a category of consumer finance. This burden is growing fast and the issues that flow from it are central to public policy in America.”The rising cost of tuition is causing higher student loan debt, which is in turn causing more borrowers to default. Cordray said CFPB estimates that more than seven million Americans are in default on more than $100 billion in student loan balances. For those who default at a young age, the black mark on their credit report may prevent them from buying a home – and might even keep them from getting a job, Cordray said.”The domino effect of student loan debt is real, and it is spreading,” Cordray said. “It is hard to erase this debt quickly – paying it back may take many long years and prevent people from achieving other financial milestones.”Thought leaders in the industry have long believed that reform is necessary in order to reduce skyrocketing student loan debt and free up the finances of would-be homebuyers.”If we are truly committed to promoting homeownership for generations to come, it is time to address the more than $1.2 trillion of federal student loan debt that is crippling the finances of future homebuyers and keeping them from experiencing the promise of homeownership,” Five Star Institute President and CEO Ed Delgado said last week in his remarks to industry leaders at the 2014 Five Star Conference and Expo. “If Washington wants to make a real difference for the future of our children – we must reform student education financing.”Cordray stated that young people are not forming new households at the same rate as they used to, and the decrease in household formation is preventing economic growth. Increased student debt is causing millennials to live with their parents until a later age, or to share living arrangements with peers.”The homeownership rate for young people peaked before the financial crisis and by the first quarter of this year was down more than 15 percent,” Cordray said. “This is very troubling because most first-time homeowners are young people who drive the market for home purchases.”The effects of heavy student debt are not felt in just the housing sector, Cordray said.”Student debt burdens can get in the way of young people buying a car, starting a small business, or saving for retirement,” Cordray said. “We are deeply concerned about how debt influences career choices by acting as a barrier to public service for a rising share of student loan borrowers.”Tools are available now to assist consumers with managing their student loan debt, Cordray said. CFPB has partnered with the Department of Education to develop a set of online tools known as “Paying for College,” which helps better educate students and their families as to what their financing options are when deciding how to cover educational costs. CFPB also offers answers to common questions it is asked regarding consumer finances (including student loans) in a feature known as “Ask CFPB.” Notably, Cordray said, CFPB now handles individual consumer complaints regarding student loans. Also, many who work in public service positions are eligible for student loan forgiveness, which “can enhance the affordability of public service careers,” Cordray said.Cordray announced that two organizations, AmeriCorps and the Peace Corps, are both signing the pledge to help consumers handle student debt. CFPB includes employees who are alumni of both organizations.”They are pledging to talk to employees about their options for student loan forgiveness, verify that they work for a public service organization, and check in with them annually to make sure they stay on track,” Cordray said. “We have also created toolkits for employers and employees to help them understand how to take advantage of these benefits. We want everyone eligible to be signing up for the loan forgiveness that federal law provides, which they are earning by virtue of their public service work. These are great first steps toward that objective.” Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / CFPB: Student Loan Debt Holding Back Homeownership, Economy The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: AmeriCorps CFPB Department of Education Homeownership Peace Corps Student Loan Debt Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily AmeriCorps CFPB Department of Education Homeownership Peace Corps Student Loan Debt 2014-09-23 Brian Honea Demand Propels Home Prices Upward 2 days ago Related Articles Previous: Home Prices Continue to Gain, But at Miniscule Rate Next: FSC Chairman Questions CFPB’s Data Collection Methods
As long as ABS-CBN does not have violations, according to Roque, there is no reason for President Duterte to veto a provisional franchise for the network.“Inaasahan ko naman po na kung wala pong constitutional infirmity eh pipirmahan naman po ito ng Presidente,” Roque said during the Malacanang virtual press conference on Thursday.On Wednesday, the House of Representatives has passed on second reading House Bill 6732, which gives the network a temporary license that will be valid until Oct. 31, 2020.The provisional franchise will allow ABS-CBN to operate while the House and the Senate are still deliberating on the issues that surrounded the renewal of the previous franchise, and whether or not it should be given a fresh 25-year franchise.“It’s not only the best move, it’s the only move under the Constitution,” Roque said. “It’s very clear po na tanging ang Kongreso lang po ang puwedeng mag-grant ng franchise or mag-revoke ng franchise for broadcast companies.”Roque earlier said that President Duterte is neutral on the franchise issue despite the President’s past grievances, particularly on the unaired campaign advertisements in 2016.ABS-CBN went off the air on May 5 after the National Telecommunications Commission issued a cease and desist order for the network after its franchise expired on May 4./PN MANILA – There seems no reason for President Rodrigo Duterte to oppose the granting of provisional franchise for ABS-CBN so that it could resume its free TV and radio broadcast, his spokesperson spokesperson Harry Roque said
EAGAN, Minn. (AP) — Jayron Kearse returned to the Minnesota Vikings following his weekend arrest on suspicion of driving while impaired and with a loaded gun and apologized to the team and fans. He says both deserve better. The fourth-year safety and special teams captain says he’s sorry for putting anybody in harm’s way and that he will “go through all the necessary steps” to improve himself. — High school volleyball regional semifinals tonight== 3A Region 4at Hampton — Forest City vs. #4 Dike-New HartfordRoland-Story at #13 Union LaPorte City== 4A Region 6Charles City at #15 Center Point-UrbanaDecorah at #5 West Delaware Class 3A1. Western Dubuque (9-0), LW #1 vs Washington2. Solon (9-0), LW #2 vs Iowa City Liberty3. Cedar Rapids Xavier (8-1), LW #3 @ #5 North Scott4. Dallas Center-Grimes (8-1), LW #4 vs Harlan5. North Scott (8-1), LW #5 vs #3 Xavier6. Lewis Central (8-1), LW #6 vs Oskaloosa7. Sergeant Bluff-Luton (8-1), LW #7 vs Carlisle8. Independence (9-0), LW #8 @ #10 Pella9. Norwalk (8-1), LW #9 vs Glenwood10.Pella (7-2), LW #10 vs #8 Independence Eight-man1. Don Bosco (9-0), LW #1 vs New London2. Turkey Valley (9-0), LW #2 vs Rockford3. Remsen St. Mary’s (9-0), LW #3 vs East Mills4. Audubon (9-1), LW #4 vs #6 Harris-Lake Park5. Coon Rapids-Bayard (8-1), LW #5 @ #8 Fremont-Mills6. Harris-Lake Park (8-1), LW #6 @ #4 Audubon7. Easton Valley (8-1), LW #7 @ #9 Gladbrook-Reinbeck8. Fremont-Mills (6-1), LW #9 vs #5 Coon Rapids-Bayard9. Gladbrook-Reinbeck (7-2), LW #10 vs #7 Easton Valley10.CAM (7-2), LW #8 @ Lamoni AMES — Iowa State is off until a November 9th visit to Oklahoma. Brock Purdy threw interceptions on the final three drives of a 34-27 loss to Oklahoma State back on Saturday but coach Matt Campbell says he was most disappointed with the start of the game.The defense gave up several big plays in the opening half.Campbell says they will use the off week to focus on fundamentals.Campbell says defensive end JaQuan Bailey will redshirt and return for his final season. Bailey underwent surgery after suffering a leg injury in ISU’s Big 12 opener at Baylor. — Radio Iowa High School Football Poll 10/28/19Class 4A1. WDM Valley (9-0), LW #1 vs Indianola2. Dowling Catholic (8-1), LW #2 vs DSM Roosevelt3. Cedar Falls (9-0), LW #3 vs Dubuque Senior4. Cedar Rapids Kennedy (8-1), LW #4 vs Fort Dodge5. Ankeny Centennial (8-1), LW #5 vs #10 Urbandale6. Southeast Polk (7-2), LW #6 vs #8 Ankeny7. Bettendorf (7-2), LW #7 @ Linn-Mar8. Ankeny (6-3), LW #8 @ #6 S.E. Polk9. Waukee (6-3), LW #9 vs CR Prairie10.Urbandale (6-3), LW (X) @ #5 Centennial — High school volleyball regional quarterfinals last night== 1A Region 5North Butler 3-1 St. Ansgar (25-23, 25-21, 20-25, 26-24)#3 Janesville 3-0 Clarksville (25-8, 25-10, 25-8)Garrigan 3-0 North Iowa (25-10, 25-22, 25-15)#11 Gladbrook-Reinbeck 3-0 AGWSR (25-16, 25-17, 25-21)== 2A Region 2#5 Osage 3-0 Central Springs (25-6, 25-10, 25-10)Lake Mills 3-0 North Union (25-7, 25-7, 25-10)Emmetsburg 3-0 Belmond-Klemme (25-9, 25-20, 25-8)Pocahontas 3-0 Alta-Aurelia (25-20, 25-14, 25-15)== 2A Region 7#14 Denver 3-0 West Fork (25-16, 25-10, 25-12) Class A1. West Hancock (9-0), LW #1 vs IKM-Manning2. Saint Ansgar (9-0), LW #2 vs #8 Edgewood-Colesburg3. North Tama (9-0), LW #3 vs Central Decatur4. MFL MarMac (9-0), LW #4 vs South Winneshiek5. Grundy Center (8-1), LW #5 @ Belle Plaine6. Earlham (8-1), LW #6 vs #9 BGM7. Woodbury Central (8-1), LW #7 vs Westwood8. Edgewood-Colesburg (7-2), LW #8 @ #2 Saint Ansgar9. BGM (Brooklyn) (8-1), LW #9 @ #6 Earlham10.South O’Brien (8-1), LW #10 vs Tri-Center Class 2A1. Waukon (8-0), LW #1 vs Tipton2. Clear Lake (9-0), LW #2 vs #10 Spirit Lake3. Algona (9-0), LW #3 vs Central Lyon/GLR4. OABCIG (9-0), LW #5 vs West Marshall5. Waterloo Columbus (8-1), LW #6 @ #9 Williamsburg6. Benton (8-1), LW #7 vs PCM Monroe7. Greene County (8-1), LW #4 @ #8 DSM Christian8. Des Moines Christian (8-1), LW #9 vs #7 Greene County9. Williamsburg (6-3), LW #10 vs #5 Waterloo Columbus10.Spirit Lake (6-3), LW (X) @ #2 Clear Lake Class 1A1. Dike-New Hartford (9-0), LW #1 vs Panorama2. Van Meter (9-0), LW #2 vs Pella Christian3. West Branch (9-0), LW #3 vs North Linn4. South Central Calhoun (9-0), LW #5 vs Mount Ayr5. West Sioux (8-1), LW #6 vs #9 Underwood6. West Lyon (8-1), LW #6 @ Osage7. Treynor (9-0), LW #8 vs #8 Western Christian8. Western Christian (8-1), LW #4 @ #7 Treynor9. Underwood (8-1), LW (X) @ #5 West Sioux10.Iowa City Regina (7-2), LW #8 @ Mediapolis IOWA CITY — Iowa coach Kirk Ferentz says the Hawkeyes will use their off week to get some needed rest. The Hawkeyes are 6-2 after a 20-0 win at Northwestern and this is their second bye week of the season.The Hawkeyes return to action on November 9th at Wisconsin.Ferentz says there is a lot to play for in the final month.Big Ten officials on Monday set the kickoff time for the Iowa-Wisconsin game on November 9th for 3 o’clock. The pre-game will start at 1 o’clock on AM-1300 KGLO OMAHA, Neb. (AP) — Former Iowa State assistant coach Barney Cotton is progressing well after having a heart transplant in his hometown of Omaha, Nebraska. The operation was Oct. 22 at Nebraska Medical Center. The Cotton family says the surgery and recovery have gone as expected. Cotton was a Nebraska lineman from 1976-78 and a Cornhuskers assistant in 2003 and from 2008-14. He was hired by Iowa State as offensive coordinator and offensive line coach in 2004, being released as part of a coaching change after the 2006 season. He was an unpaid volunteer assistant coach at Ames High School in 2007 before heading back to Nebraska under Bo Pelini. Cotton had been on UNLV’s staff since 2015 and stepped away for health reasons in July.
In case you have not yet realized, there is no stopping Mr. Shawn Carter in his attempt to dominate every aspect of the entertainment industry. After much speculation that Jay Z would be forced to sell his 0.067 share of ownership in the Brooklyn Nets to pursue his Roc Nation Sports Agency, the music mogul decided Jason Kidd was the perfect person to sell his small stake to.A source shared with the New York Post,“Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him.”The deal comes months after Jay started his Roc Nation sports agency. By selling his share of ownership, Mr. Carter has successfully avoided the ‘conflict of interest’ talk he was bound to hear due to his personal and professional investments. Roc Nation has signed New York Yankee Robinson Cano, Oklahoma City Thunder’s very own Kevin Durant and WNBA newcomer Skylar Diggins.Kidd has signed on as the coach of the Brooklyn Nets for this forthcoming season. Unlike Jay Z, Kidd’s ownership will not be seen as a conflict of interest.What can we say? Jay knew about these new rules!for more visit:theurbandaily.com
Facebook34Tweet0Pin0Submitted by South Puget Sound Community CollegeSouth Puget Sound Community College (SPSCC) welcomed Washington Secretary of State Kim Wyman to the Percival Restaurant on Tuesday, January 7, for the presentation of two special awards to the college’s culinary and catering teams.Secretary Wyman presented the Best Taste Award and the Best Presentation Award to SPSCC Culinary Arts faculty, culinary students, and the catering team for their work in support of the Washington State Combined Fund Drive (CFD) during the 2019 Masquerade Ball.The ceremony began when Secretary Wyman presented SPSCC President Dr. Timothy Stokes with the public service challenge coin for his visionary leadership and influence that has helped raise more than $52,000 in five years. Secretary Wyman then presented awards to the culinary and catering teams for their excellent service and efforts.SPSCC won by popular vote of the nearly 800 attendees at the Masquerade Ball, competing with local restaurants including Casa Mia, Indian Summer, and Little Creek Casino. The most popular dish of the night was bulgogi beef with Asian coleslaw served in a wonton taco shell.
Advertisement ncqxNBA Finals | Brooklyn Vsc4qWingsuit rodeo📽Sindre E39xda( IG: @_aubreyfisher @imraino ) iolWould you ever consider trying this?😱beqq6Can your students do this? 🌚3ecRoller skating! Powered by Firework Manchester United boss Ole Gunnar Solskjaer reportedly delivered a furious rant to his team telling them that they were letting the club down after United’s flop outing at the London stadium. Solskjaer was furious with his stars following their dismal 2-0 defeat at the hands of West Ham on Sunday. The United boss is well known for his will to defend his players in public, but now it looks like he is less sympathetic with them behind the closed doors.Advertisement British news outlet The Times report that Solskjaer was so angry with the loss that he simply let out his feelings straight after the game. The reports further claim that he made it very clear to his squad that in no doubt they had fallen below the standards expected at United. He also ordered them to raise their efforts and their game if the club is going to get anywhere close to challenging for trophies again, Times mention.Advertisement With West Ham strengthening their squad this summer, the Red Devils manager looks to be in pressure as United went down to the eighth position in the Premier League and the situation looks bleaker after the loss of Marcus Rashford through injury. And Solskjaer desperately hopes that Anthony Martial will recover from his thigh problem before their match against Arsenal on Monday or he has to arrive at the ground without a recognised striker at his disposal.Meanwhile Jose Mourinho has claimed that the side have got worse since he left, last December. With club legend Roy Keane also weighed in and said it is scary how far the club have fallen in recent years.Advertisement Advertisement