By KIMBERLEY HAAS A new report from WalletHub shows that household mortgage debt grew by roughly $4 billion in the second quarter of this year. In comparison, there was a decrease of $165 billion in household mortgage debt in Q2 2023. According to the report by Senior Researcher Alina Comoreanu, total mortgage debt increased to…
With home prices high and interest rates nearing 7%, mortgage debt is a growing burden on American families. But homeowners in some states are seeing this type of debt grow more than in others. A new report from WalletHub found that homeowners in Maryland, Hawaii, and Nevada added the most mortgage debt between Q3 and…
Delinquencies across the nation rose in February to 3.45% as economic pressures squeeze Americans, but remain down from last year, Black Knight reported. Black Knight’s First Look at February 2023 data found that delinquent loans that are only a single payment behind overwhelmingly accounted for the increase. The 36,000 delinquency rise was driven by a…
Total commercial and multifamily mortgage debt increased by $61 billion to $3.72 trillion in the first quarter of the year, according to a new report released Tuesday by the Mortgage Bankers Association. The latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report showed that multifamily mortgage debt increased by $28 billion to $1.6 trillion from the fourth…
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