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Who Received Forbearance Relief?

Who Received Forbearance Relief?
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

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Americans are taking on more debt than they can handle, most of it going to mortgages

Americans are taking on more debt than they can handle, most of it going to mortgages
naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.

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Americans Are Taking On Debt As If Tomorrow Will Never Come

Americans Are Taking On Debt As If Tomorrow Will Never Come
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Home loans drive up household debt

Home loans drive up household debt
by
Bloomberg
|
Today at 2:17 a.m.
U.S. household debt rose at the fastest pace since 2013 in the second quarter, driven by a mortgage boom as Americans took advantage of low borrowing costs and sought more space to work from home.
Household liabilities climbed $313 billion to $14.96 trillion as of the end of June, a 2.1% rise from three months earlier, the Federal Reserve Bank of New York said in a report published Tuesday.
Most of the increase came in mortgage balances. With the average 30-year rate declining in the period, millions of Americans with good credit took the opportunity to refinance and cut their monthly payments. About 44% of the country s entire $10.4 trillion stock of mortgages was originated in the 12 months through June, according to the New York Fed. ....

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US household debt soared to nearly $15 trillion last quarter

US household debt soared to nearly $15 trillion last quarter
By
Anneken Tappe, CNN Business
Published Aug 4, 2021 11:19:56 AM
enablePagination: false
(CNN) Americans have more debt than ever before.
A surge in credit card spending and home purchases caused US household debt to increase by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York.
That s the largest nominal jump since 2007 and the biggest percentage increase in seven and a half years.
In total, American consumers held $14.96 trillion in debt at the end of June the biggest pile of bills on record and $812 billion more than what was owed at the end of 2019, before the pandemic hit. ....

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