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Marketplace for Wednesday, November 2, 2016
Nov 2, 2016

Marketplace for Wednesday, November 2, 2016

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For the first time in 30 years, banks didn't make up the majority of mortgages last quarter. Is that risky for the economy? Speaking of economic anxiety, many traders are hedging a week before election day as polls tighten up. Plus, a little-known reason for sky-high student debt.

Segments From this episode

A little known reason why students have so much debt

Nov 2, 2016
Colleges cannot require more than minimal financial counseling.
Students walk across the campus of UCLA in Los Angeles, California.
Kevork Djansezian/Getty Images

What happens when a motel becomes home

Nov 2, 2016
Kai Ryssdal talks with Christopher Dum about his new book “Exiled in America: Life on the Margins in a Residential Motel”
PINE BLUFFS, WY - JUNE 26: A roadside motel June 26, 2007 in Pine Bluffs, Wyoming.
Spencer Platt/Getty Images

On Wall Street, managing anxiety by hedging

Nov 2, 2016
If a lot of voters are increasingly anxious about Election Day, what about the people who make their living predicting outcomes — stock traders.
 Traders work on the floor of the New York Stock Exchange (NYSE) on November 1, 2016 in New York City. As Wall Street continues to feel election uncertainty, the Dow Jones closes fell more than 100 points. 
Spencer Platt/Getty Images

For the first time, most mortgages aren’t made by banks

Nov 2, 2016
While banks make loans to those with extraordinary credit, these companies take on more risk.
New houses line the street in the Inland Empire in Ontario, California.
David McNew/Getty Images

Election year polls aren't just about the numbers

Nov 2, 2016
An election can provide advertising for lesser known universities and businesses.
The race between Hillary Clinton and Donald Trump has been tightening in crucial swing states as November 8 approaches
Spencer Platt/Getty Images

For the first time in 30 years, banks didn’t make up the majority of mortgages last quarter. Is that risky for the economy? Speaking of economic anxiety, many traders are hedging a week before election day as polls tighten up. Plus, a little-known reason for sky-high student debt.

Music from the episode

Palest Pearl Pure Bathing Culture
Game 4 U St. Lucia
Colors - Audien Remix Halsey, Audien
Cover Your Tracks Young Galaxy