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Delinquency trends for housing were positive, with foreclosures hitting a new low in the 17 years the New York Fed has been reporting the data.
Read More »Mortgage Balances Surge, Fueling Rise in Household Debt
Home / Tag Archives: U.S. Household Debt
Mortgage Debt is the Largest Liability for Most U.S. Households
Low-income households were found to be implicated the most by debt. Their debt equaled to just one-fifth of their income in 2007, but that proportion increased to half by 2013.
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