MMI Sees Dramatic Spike In Mortgage Help
Nonprofit financial counseling agency says 90% more people reaching out year over year.
Nonprofit financial counseling agency says 90% more people reaching out year over year.
The student loan pause allowed some young Americans to buy homes; with payments restarting, they could now face a harsh reality.
Mortgage originations fell to $498B, returning to pre-pandemic levels.
Total household debt in the quarter increased 2.2% to $16.51 trillion.
The New York Federal Reserve Bank says Americans now hold more than $11 trillion in mortgage debt