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Volume 21 - Number 4

February 24, 2017

New Mortgages Boost Household Debt in 2016

Mortgage balances, the largest component of household debt, rose during the fourth quarter of 2016 as more households took on new mortgage debt during the period, according to the Federal Reserve Bank of New York. The NY Fedís latest quarterly report on household debt and credit said balances on basic household debt rose in the fourth quarter due partly to stronger, new extensions of mortgage credit. Specifically, mortgage balances shown on consumer credit ...

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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