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  • Ocwen3.19+0.00 +0.00%
  • Zillow39.13+0.03 +0.08%
  • Trulia47+0 +0%
  • NationStar17.76-0.07 -0.39%
  • CoreLogic45.80-0.04 -0.09%
  • RE/MAX62.10+0.15 +0.24%
  • Fannie Mae2.83+0.03 +1.07%
  • Freddie Mac2.71+0.03 +1.12%
  • Wells Fargo54.015-0.235 -0.433%
  • CitiMortgage70.84-0.56 -0.78%
  • Bank of America24.76-0.26 -1.04%
  • Fidelity National Financial47.1901-0.4699 -0.9859%
  • First American49.27+0.08 +0.16%
  • Black Knight Financial Services44.00+0.30 +0.69%
  • AUDUSD=X0.7945+0.0012 +0.1576%
  • USDJPY=X111.5710-0.1410 -0.1262%
Home | Tag Archives: Mortgage Debt

Tag Archives: Mortgage Debt

Household Debt Reaches Recession-Level Highs

On Wednesday, the New York Federal Reserve released its Q1 report on household debt and credit. According to the report, total household debt totaled $12.73 trillion in Q1 2017. This means that household debt has finally surpassed its $12.68 trillion peak reached during the recession in 2008. This is a $149 billion quarterly increase.

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Many Consumers Still Weighed Down by Mortgage Debt

housing-debt

In 2014, mortgage debt was the third-highest form of debt among consumers, with 28 percent holding some form of housing-related debt, the report showed. The highest percentage of consumers have mortgage debt in their late 30s through their early 60s. For borrowers with mortgages, debt balances averaged $160,000 in 2014, up from $150,000 in 2010.

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