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Loan Modification

: The Truth About Mortgage.com

$140 Billion in Mortgage Debt Paid Off

By scot184

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Nearly $140 billion in mortgage debt was paid off by American homeowners between 2008 and the end of 2009, according to a report released today by the Federal Reserve Bank of New York. ?Consumer debt is declining but only part of the reduction is attributable to defaults and charge-offs,? said Donghoon Lee, senior economist in the [...]

Full post as published by The Truth About Mortgage.com on November 08, 2010 (boomark / email).

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