Consumer debt is approaching new highs with the current household debt set to be $1 trillion above the peak debt level of 2008, by the end of June 2018, according to a study by LendingTree. In the second quarter, consumer debt levels are approaching $15.7 trillion compared with $14.7 trillion a decade ago, the study found. Yet, mortgages make up a small part of it. Unlike the last high in 2008, Continue Reading
Archives for June 2018
Delinquencies Reverse Course
Mortgage delinquencies defied several trends in April, according to the latest First Look at the month’s mortgage performance data from Black Knight, Inc. April is typically a month that sees an increase in mortgage delinquencies. In fact, historically, delinquencies have increased during April 85 percent of the time, according to Black Knight. Not so for this year, however—in April 2018, Black Continue Reading
