As housing reform continues to be part of the Obama administration’s agenda, differences between the mortgage market in the United States and that of other countries have come to light. 482 more words
Tags » Mortgage Debt
The great American de-leveraging is over.
American household borrowing jumped by $241 billion in the fourth quarter of 2013, compared to the prior three months. That’s the largest jump since the third quarter of 2007, when the financial crisis was barely a twinkle in Ben Bernanke’s eye. 138 more words
For the first time since the US housing bubble burst, home equity is about to grow larger than mortgage debt. So, in sum, mortgages are no longer underwater. 17 more words