Items Tagged with 'mortgage debt'

ARTICLES

  • Americans now have more debt than ever before

    Mortgage debt hits highest level in 9 years
    Thanks to increases in mortgage, auto loan, and credit card debt, Americans now have more debt than ever. In fact, mortgage debt now rests at $9 trillion. It’s the first time that mortgage debt has reached the $9 trillion threshold since the second quarter of 2009.
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  • TransUnion: Mortgage delinquencies reach lowest level since recession

    New mortgage account balances reverse trend, decrease
    The serious mortgage delinquency rate decreased in the final quarter of 2017 to the lowest point since the Great Recession. TransUnion explained this largely reflects recession-era defaults having worked their way out of the system and recent originations being underwritten to a very high standard.
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  • Mortgage debt surges in fourth quarter

    But market still showing signs of recovery
    Mortgage debt surged in the fourth quarter of 2017 but remains far from its previous peak level. The report explained that unlike overall debt balances, which surpassed their previous 2008 peak last year, mortgage debt remains 4.4% below its peak level.
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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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