Items Tagged with 'mortgage debt'

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Americans fall deeper into debt than ever before [Charts]

Debt now surpasses previous 2008 peak
Americans are taking on more debt than ever before, as the level of consumer debt just surpassed its 2008 peak. After nine years, debt levels recovered from the recession. And over the past century, household debt growth is even more substantial. These charts explain the growth patterns.
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Federal Reserve: Mortgage debt rises to 4-year high

Mortgage debt increased by $120 billion in first quarter
The amount of money that Americans owe to mortgage lenders rose to the highest level in more than four years during the first quarter, according to a new report from the Federal Reserve Bank of New York. Click through to read the full details.
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Multifamily mortgage debt tops $1T in 2Q

Commercial and multifamily mortgage debt continues rise
The level of commercial/multifamily mortgage debt outstanding increased by $38.5 billion in the second quarter of 2015, as three of the four major investor groups increased their holdings.
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Freddie agrees with Fannie: The economy is improving

Freddie Mac outlook indicates mortgage debt will increase in 2015
A new report from Freddie Mac suggests that improving household balance sheets will make it more enticing for Americans to take on mortgage debt in 2015, echoing the sentiment of a report from Fannie Mae.
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Senate approves short sale tax break

Allows tax relief on 2014 short sales
Homeowners who had short sales in 2014 were facing massive tax bills unless Congress extended short sale tax breaks. The House of Representatives did its part two weeks ago, and now the Senate has followed suit.
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Short sale tax break passes in House

Now on to the Senate
According to a recent estimate from RealtyTrac, there have been more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total in the first three quarters of 2014 alone. All those borrowers will be facing massive tax bills if the bill doesn't pass in the Senate as well.
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