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Tag Archives: Debt

Americans Not Optimistic About Their Debts

A new study from Northwestern Mutual paints a dim view of American debt. While mortgages make up the largest share of monthly debts, credit cards and student expenses aren’t far behind. And plenty of Americans expect long-term debt in their futures.

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Survey Reveals Americans’ Worries About Financial Stability

Sixty-six percent of respondents in a recent survey by the National Foundation for Credit Counseling said that "I want financial stability, but don't know how to get there." Nearly one quarter of respondents (23 percent) said that "I don't think financial stability is attainable for me."

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Growing Non-Mortgage Debt Weighing on Homeownership

In an analysis of housing affordability in 512 U.S. counties, RealtyTrac discovered that lowering the down payment for a conventional mortgage loan from 20 percent to 3 percent would still not translate to housing affordability for a majority of those with non-mortgage debt such as student loans or a car payment.

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Survey: Student Loans a ‘Key Obstacle’ in Purchasing Homes

NeighborWorks' Second Annual America at Home Survey showed that student loan debt and perceived overtightness of lending has prevented or delayed homeownership despite the fact that 60 percent of American adults surveyed said owning a home was either "the most important" or a "very important" part of the American dream.

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Deputy Treasury Secretary: Student Debt Not ‘Inherently Bad’ for Housing

Speaking at the 56th annual meeting of the National Association for Business Economics (NABE) on Monday, Treasury Deputy Secretary Sarah Bloom Raskin said she does not see the nation's growing problem of student loan debt leading to an economic meltdown—and student loan debt may not be affecting a borrower's ability to buy a home, depending on that borrower's financial situation.

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Report: Most Markets Still Affordable for Debt-Burdened Grads

RealtyTrac's latest report on housing affordability shows that 96 percent of U.S. housing markets are still affordable for recent graduates making the median household income, even those with student loans. RealtyTrac found that the minimum amount of income needed to purchase a median-priced home, with and without student loans, was feasible in 475 out of 494 counties with a population of at least 100,000.

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