Just in time for the Dodd–Frank Wall Street Reform and Consumer Protection Act to disappear! The chart was created by Jaydub. Data Source: https://www.federalreserve.gov/data/mortoutstand/current.htm Tools used: Microsoft Excel and Plotly
BING NEWS:
- The good news is the government plans to cancel $3 billion in student debt. The bad news is indexation will still be high
The federal government has announced plans to change the way debts are indexed. But it may not help students over the long term.
05/4/2024 - 3:04 am | View Link - Bankruptcy vs. debt settlement: How to choose the right debt relief option
Bankruptcy and debt settlement are both effective ways of getting rid of debt, but which one makes more sense?
05/3/2024 - 6:08 am | View Link - American debt stings like never before in new era for households
After years of managing household budgets through the stress of the worst inflation in a generation, U.S. families are increasingly pressured by a different kind of financial squeeze: The cost ...
05/3/2024 - 5:41 am | View Link - Biden Has Now Cancelled 10% Of All Student Debt, More Loan Forgiveness Is Coming
With the latest round of debt relief, President Biden has now approved upwards of $160 billion in student loan forgiveness. But some critics what him to go further.
05/3/2024 - 3:05 am | View Link - Medical Debt Shows Up Less Often on Credit Reports
But the Consumer Financial Protection Bureau said 15 million people still had medical bills in their files, which can make it hard to qualify for loans.
05/3/2024 - 2:00 am | View Link - More
- Mortgage Refinance to Pay Off Debt: Do It Right
Mortgage Refinance to Pay Off Debt: Do It Right. When you refinance to pay off debt, a lower-interest mortgage replaces high-interest debt. You save interest, but you put your home at...
05/3/2024 - 5:12 am | View Website - Refinance To Pay Off Debt: Is It Right For You?
So, your refinance would provide about $70,000 for paying off debt, and you would have a new mortgage of $270,000. Also, because the refinance would put you above 80% LTV, you would pay private mortgage insurance (PMI). PMI increases your monthly mortgage payment until you attain 20% equity.
05/3/2024 - 2:06 am | View Website - Average Mortgage Debt in 2024 | Bankrate
Key average mortgage debt insights. The average mortgage debt balance per household was $241,815 as of Q2 2023, a 4 percent increase from 2022. The average mortgage balance exceeds $1...
05/2/2024 - 11:21 pm | View Website - What Percentage Of My Income Should Go To My Mortgage?
So with a $7,000 gross income, your monthly home payment should be about $1,960 using the 28% model. 28/36 Mortgage Model. The 28/36 rule is an addendum to the 28% rule: 28% of your income will...
05/2/2024 - 10:02 pm | View Website - How to Get Help From the Mortgage Relief Program
The Homeowner Assistance Fund (HAF) was created to prevent mortgage delinquency, defaults, foreclosures, loss of utilities, and the displacement of homeowners. The use of funds is prioritized for ...
05/2/2024 - 7:18 pm | View Website - More
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