AUGUST 17TH, 2018
Mortgage balances and household debt are both on the rise. During the 2nd quarter, national mortgage balances increased by $60 billion, pushing total mortgage balances in the U.S. to $9 trillion. At the same time, household debt increased by $82 billion quarter-over-quarter, growing for the 16th consecutive quarter. (Source: Federal Reserve Bank of New York)
What are you doing to help your borrowers become debt-free?