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  • Ocwen2.77-0.01 -0.36%
  • Zillow44.56-1.07 -2.34%
  • Trulia47+0 +0%
  • NationStar18.05-0.07 -0.39%
  • CoreLogic43.57-0.09 -0.21%
  • RE/MAX58.50-0.20 -0.34%
  • Fannie Mae2.59-0.07 -2.63%
  • Freddie Mac2.39-0.05 -2.05%
  • Wells Fargo54.88-0.06 -0.11%
  • CitiMortgage66.36-0.34 -0.51%
  • Bank of America23.94-0.12 -0.50%
  • Fidelity National Financial45.82-0.26 -0.56%
  • First American45.76-0.02 -0.04%
  • Black Knight Financial Services42.15+0.15 +0.36%
  • AUDUSD=X0.7905-0.0051 -0.6410%
  • USDJPY=X111.8350-0.0160 -0.0143%
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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