Student Loan Bubble Blowback: Morgan Stanley Warns Average Debtor Can’t Get A Mortgage…(Recovery!! USA! USA!)

Friday, October 3, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/03/2014

“Despite the low level of interest rates, mortgage affordability for first-time buyers remains roughly at the long-term average levels whereas the aggregate home buyer’s affordability remains well below the long-term average. As the servicing of student loan debt is part of the Debt-To-Income calculation, the new regulatory (Bernanke-busting) regime compounds the already substantial challenges confronting the first-time home-buyer’s access to mortgage credit. We believe the average student debtor is likely unable to secure a typical home mortgage due to their debt-to-income ratio.”

The Rest…HERE

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