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Tag Archives: Mortgage Debt

Adept at Debt

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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 ...

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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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Mortgages Lead Consumer Debt Increases in Q3

"The trend in the market indicates consumers appear more confident in the economy and are moving forward with their lives and borrowing money again." -Assad Lazarus, SVP, Product and Customer Experience at Equifax Personal Information Solutions.

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Mortgage Debt Still Weighing Heavy on Consumers

Many Americans are still struggling with mortgage debt, which is the third most-popular form of debt in the nation. Much of this debt stems from borrowing at the wrong time and for the wrong purpose, preventing consumers from achieving financial stability.

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Household Debt Rises, but New Mortgages Drag

The New York Fed recorded an increase of $129 billion in national outstanding household debt in the first three months of the year, bringing the total debt level up to $11.65 trillion. Leading the increase was a rise in mortgage debt, which was up by $116 billion from the end of 2013, according to the bank. However, with originations dropping to $332 billion—the lowest level since the housing recovery started—there was little to celebrate on that front.

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