Foreclosure Defense and Loan Modification Blog

Mortgage Debt at Highest Level in 4 ½ Years, Delinquency Falls

Posted by Maxwell Swinney

Wednesday, June 15, 2016

The amount of debt American householdsowe on their mortgages increased in the first quarter of 2016 to its highest level in four and a half years, according to the Federal Reserve Bank of New York's Quarterly report on Household Debt and Credit.

Delinquency rates, however, continued improving and remain at low levels, according to the report.

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Topics: loan modification, foreclosure, mortgage debt

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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