Even as access to credit gets easier, homebuyers and owners remain uncertain over the trend of growing home prices, according to a report by the New York Fed. What other indicators have consumers worried?
Read More »Mortgage Credit vs. Access to Equity
A research by the New York Fed found that tight credit is making it increasingly difficult for homeowners to access their equity. What are its implications?
Read More »10 Cities With The Highest Mortgage Denial Rates
Credit history and debt are the biggest barriers for borrowers to getting mortgage according to a study. But which city had the most mortgage denial rates? Hint: It’s difficult to get a sweet home here.
Read More »Homebuyers: Overleveraged and Under Pressure
Purchasing a home is unquestionably one of the biggest expenditures most consumers will make in a lifetime. It’s exciting, it’s nerve-wracking, it’s fraught with decisions. And when you ...
Read More »Many Students Struggling to Afford Housing
It’s a well known fact: college students are broke. With skyrocketing tuition costs and loans in the tens of thousands, finding adequate housing can be near impossible for many college students, and some may find it increasingly difficult to pay for housing.
Read More »Credit Scores for Mortgage Borrowers Decline
Mortgage balances, which form the largest component of household debt rose substantially, even as median credit scores of newly originating borrowers declined during the last quarter of 2017 ...
Read More »Average Mortgage Debt on the Rise
The consumer credit market showed an overall strong performance at the end of 2017, according to the Q4 Industry Insights Report published by TransUnion on Tuesday. According to ...
Read More »Mortgage Balances Lead Increase in Household Debt
Household Debt, led by mortgage debt, increased substantially in 2017 as the economy continued to grow for the fifth consecutive year, according to the Quarterly Report on Household ...
Read More »Adept at Debt
When it comes to balancing mortgage obligations with credit card debt and college loans, Michiganders are doing a bang-up job, so says a new study by Credible of ...
Read More »Household Debt at Record Levels
Household debt has surpassed recession levels, according to the New York Federal Reserve. Mortgage debt proved to be the highest increasing debt factor, going up went up by $147 billion quarterly and $258 billion annually. Total mortgage debt as of Q1 2017 was $8.63 trillion.
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