How Many Americans Cite Housing as Primary Debt Driver?

first_img February 26, 2020 1,195 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago About Author: Krista F. Brock Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. How Many Americans Cite Housing as Primary Debt Driver? in Daily Dose, Featured, Market Studies, News housing debt 2020-02-26 Mike Albanese Related Articlescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Home / Daily Dose / How Many Americans Cite Housing as Primary Debt Driver? The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Tagged with: housing debt Data Provider Black Knight to Acquire Top of Mind 2 days ago Only about 11% of Americans have no consumer debt, which encompasses credit card debt and medical bills, according to a survey from Discover. This does not factor in mortgage debt or auto loan debt. Another 10% have less than $1,000. While mortgage debt specifically is not counted as “consumer debt,” about 14% of survey respondents said buying a home, leasing a home, or repairing their home was their No. 1 reason for acquiring consumer debt. Nearly 50% of Americans carry between $1,000 and $20,000 in consumer debt. When asked what was the No. 1 reason for acquiring debt, medical expenses took the lead with 23.5% of survey respondents citing this as their top reason. Student loans were the next highest culprit with 15.3% of respondents saying this was the No. 1 reason for their debt. While a majority of Americans carry debt, a large percentage of them report feeling burdened by their debt, according to a recent article in MReport. About 60% of Americans feel burdened by their debt, but only 12.4% said their mortgage debt was their biggest burden, according to a survey from LendingTree. Instead of worrying about mortgage debt, which consumers view as contributing to their financial future, consumers tended to worry about credit card debt. That’s despite the fact that mortgage debt tends to make up the largest percentage of debt for Americans. This concern may be founded. Credit card delinquencies “have steadily risen since 2016, notably among younger borrowers,” said Wilbert Van Der Klaauw, SVP of the New York Fed earlier this month with the release of the New York Fed’s quarterly Household Debt and Credit Report. Almost 14% of survey respondents told Discover they believe they will be debt-free in less than one year, and the majority—nearly 60%—believe they will be out of debt in at most five years. The New York Fed reported that household debt has been on the rise for 27 consecutive quarters, rising to $14.15 trillion in Q4 2019. However, about 17% of people feel their debt is seemingly hopeless, telling Discover they don’t think they’ll ever get out of debt. Mortgage originations rose 42% in Q4 2019, reaching $752 billion, which the New York Fed reported as the highest mortgage loan origination volume reported since Q4 2005.  Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: A Look Back at Real Estate Performance Next: Top Markets for REO ‘Fix-and-Flip’ Buyerslast_img read more

CELEBRATING GLENDA

first_img Plans underway for historic Pike County celebration Traffic was backed up on Elm Street midday Thursday. Horns were honking, people were waving and yelling and some exited their vehicles.And, it was “all on account of Glenda Fayson.”All the racket was a Retirement Party Parade for Glenda Fayson, the “best friend of everyone who ever entered the Colley Senior Complex,” said Beverly Casey, complex staff member. “Glenda is the life of the center and has been for 18 years. We are all going to miss her.”For those many years, Fayson has answered the phone at the complex with, “This is the lovely Glenda.” Print Article Troy falls to No. 13 Clemson By The Penny Hoarder CELEBRATING GLENDA Pike County Sheriff’s Office offering community child ID kits Book Nook to reopen You Might Like By Jaine Treadwell Skip Email the author And, she is the lovely Glenda, said Catherine Jordan, Colley Senior Complex director. “Glenda and I have worked together for eight years and I don’t know what I’ll do without her – what we’ll do without her.”Jordan said Fayson has always been ready and willing to do whatever needed to be done and she always did it with a smile and her smile was contagious.“Glenda spread joy all around,” Jordan said.The Retirement Party Parade was from 10 a.m. until 2 p.m. and a steady stream of vehicles paraded by the honoree’s retirement tent but the Lovely Glenda went out to greet her “family.” “Everybody at the Colley Senior Complex is family,” Fayson said. “I’m going to miss every one of them but, when I’m not traveling all around, I’ll be back at the senior center as a participant. I’m going to paint pictures and throw pots and crochet and sing and dance and have a good time with all my friends.”The Lovely Glenda keeps things going at the senior center and Jordan said things will be noticeably quieter without her “dancing around.”“Glenda has been the life of the center for 18 years and, as much as we’ll miss her, we wish her happy days as she travels around the world.” Remember America’s heroes on Memorial Day Published 6:51 pm Thursday, June 25, 2020 Sponsored Content Latest Stories Trojans gearing up for six-week practice session The Troy Trojans will be able to participate in a six-week practice session next month. Before then, the Trojans, like… read more The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

FA hear from Ferdinand in Terry inquiry

first_imgQPR’s Anton Ferdinand today gave the Football Association his account of the incident involving Chelsea’s John Terry in the recent west London derby at Loftus Road.The FA are investigating accusations that Ferdinand was racially abused by the Blues captain. Terry strongly denies doing so and has pledged to prove his innocence.In a statement released by his club, Ferdinand said: “I have very strong feelings on the matter, but in the interests of fairness and not wishing to prejudice what I am sure will be a very thorough inquiry by the FA, this will be my last comment on the subject until the inquiry is concluded.AdChoices广告“I would like to thank the club, [chairman] Tony Fernandes, [vice-chairman] Amit Bhatia, [manager] Neil Warnock, the supporters and my fellow professionals for their unwavering support.”last_img read more

Small Plane Crashes In Boynton Beach

first_imgThere are no reports of injuries and it is not know how many people were onboard or what type of plane was involved.Stay with 850 WFTL for the latest.This is a developing story Boynton Beach police and fire have responded to reports of a small plane that crashed in the Dos Lagos neighborhood between Miner Rd. and Gateway Blvd. Friday afternoon.We have responded to a plane that has crashed behind a home in the Dos Lagos community. Media staging will be on Miner Road – there is an overpass in the 1400/1500 block. PIO headed there.— Boynton Beach Police (@BBPD) March 6, 2020last_img read more

‘Mocked’ draft

first_imgLet’s get real here, pals. A product, is a product, is a product. If you or I go grocery shopping and decide that we want a can of chicken and dumpling soup, we expect a can of chicken and dumpling soup, not “mock” container of chicken and dumpling soup. When we return the bogus item to the store the customer service person promptly informs us that; “oh, the manufacturer only has “mock” chicken and dumpling soup available during the summer months because sales of the product are down during those months but as soon as fall season kicks in, we will again stock our shelves with “real” chicken and dumpling soup.” Huh? What? Let’s take it a tad farther roosters and hens. Would you want a “mock” pair of shoes to sport with a “mock” overcoat during one of the treacherous winters that Pittsburgh is famous for? Or a “mock” flu shot or a “mock” antibiotic?The NFL has made a mockery of the fans and media alike. To insure that their product remains visible and imbedded in the consciousness of American and global fanatics, the powers-that-be are burying the heads of the faithful in the sand, forcing them to believe that all is well in Mudville and indeed the owners and the players have not really struck out. No, not really, see both sides have struck out swinging but the catcher dropped the ball and now has to throw the ball down to first base to record a put out of the two bumbling and stumbling sides, or so they would have the unsuspecting public to think.This lockout, strike or however you wish to define it is a cold, callous and calculating strategy to make sure that the addiction to their product will remain intact. The NFL is playing all of the major sports networks with breaking news updates every time one of the “principals” of the ex-players union and the NFL passes gas or mows their lawns. Why isn’t anyone negotiating with the public to see what they want?If the NFL and the players and their representatives cared about any of the issues that concerned the fans, this work stoppage would never have happened in the first place.Fans of all races, ages and genders brave the stifling and flesh curdling heat at Latrobe, PA just to see their heroes going through the motions. They also brave the teeth chattering, arctic like conditions in order to cheer on their team through the last month of the season.What about the spike in ER visits immediately or days after a Steelers home game in December as a result of colds and other related ailments that physicians have to treat.How about companies and corporations being shorthanded as a result of those unplanned absences? When these folks make less money as a result of less hours or days at work then the economy takes a hit as well. People that make less money tend to spend less patronizing, the butcher, the baker and the candlestick maker.God bless Latrobe. It will take a minor miracle for that small rural cul-de-sac to have a merry Christmas if it does not have a merry July. If for some reason the Steelers training camp is abbreviated or not held at St. Vincent’s College, a lot of work study money will not be made. This is money that students, cooks, drivers, maids, and garbage men have more than likely already spent not really believing that a work stoppage would occur. They failed to understand that the NFL and the current players already have money in escrow. They have (or at least most of them do) have a small nest egg to fall back on.The great American composer Aaron Copeland wrote a timeless piece; ‘Fanfare for the Common Man’ from the Red Pony suite. There should be a collective bargaining agreement classical music suite titled: ‘Fanfare for the Common Fan’ because there is a lot of tap dancing and pirouetting going on by players, agents, owners, the league. There might even be some break dancing going on. My point is all of the involved parties seem to be dancing around the issues. The fans invited and escorted everyone involved in this current labor dispute to the “dance of prosperity” anyway. Take my advice NFL and players, no matter how pretty all of the other girls are, you should dance with the girl that “brung ya.”(Aubrey Bruce can be reached at: [email protected] or 412-583-6741.) There was a press conference over at the Steelers executive offices on the south side of Pittsburgh. One of the issues that puzzle me is that the Steelers or any other franchise would have the audacity to hold a mock draft, smock draft, hock draft or any other draft in light of the fact that the players are not working out in preparation for the 2011 season. What is a “mock” draft anyway? Is this exercise in futility supposed to provide valuable insight to Joe Q. Public regarding what players might be selected in the early rounds of the NFL draft? Don’t those of you that possess a minute amount of football intellect realize that this “going through the motions” is a cockamamie crock of you know what?last_img read more