The Week Ahead: Measuring Housing Debt

first_img Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 7, 2020 1,127 Views On Tuesday, February 11, the New York Fed will release its household debt report. According to a survey from LendingTree, over half of all Americans feel burdened by various debt types, including mortgage debt.According to the survey, 12.4% of Americans are concerned about mortgage debt.  The report states that even though mortgage debt is the largest source of debt, people feel less burdened by it, as that type of debt is considered a “good debt” as it contributes to consumers’ financial future.Fourteen-percent of all millennials surveyed are concerned over mortgage debt—the highest among the three generations polled. Thirteen-percent of Gen X’s surveyed were concerned about mortgage debt and just 10% of Baby Boomers were worried.Credit card debt was the leading source of worry among those polled at 36.7%. Baby Boomers had the most concern over this segment at 44%. Twenty-nine percent of millennials were concerned about credit card debt.A report by LearnBonds in January found that mortgage debt hit a new record of $15.8 trillion in Q3 2019. This is the highest amount since the 2008 economic crisis when it stood at $14.7 trillion.The home mortgage sector rates showed a steady decline in recent years to hit a low of $13.3 trillion in the third quarter of 2013, and from the 2013 Q3, the debt has increased in a steady trajectory to hit the latest figures recorded in 2019. From the data, there was $401 billion in newly originated mortgage debt in 2018 Q4.“Generally, the mortgage is among the largest component of household debt across the United States,” LearnBonds notes. “However, the mortgage rates have been low since the last quarter of 2018. The Federal Reserve Bank resorted to lowering the rates in the wake of trade uncertainty which affected the global economic growth.”Here’s what else is happening in The Week Ahead:Jerome Powell Semiannual Monetary Policy Report to the Congress (February 11)Federal Budget (February 12) debt HOUSING 2020-02-07 Seth Welborn The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Previous: OCC Testing Financial Institution Risk and Capital Next: Bonial & Associates Promotes Wes Kozeny, Paul Cervenkacenter_img Tagged with: debt HOUSING Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Week Ahead: Measuring Housing Debt Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Save The Week Ahead: Measuring Housing Debt About Author: Seth Welborn Subscribelast_img read more

EPL: Newcastle dent Chelsea’s top-four hopes

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Isaac Hayden scored a stoppage-time winner as Newcastle United dented Chelsea’s Premier League top-four hopes with a 1-0 win at St James’ Park. The Blues dominated possession for long periods but failed to capitalise and were undone in the 94th-minute when Hayden climbed above Antonio Rudiger to meet Allan Saint-Maximin’s cross to head past Kepa Arrizabalaga. With Sheffield United, Arsenal and Tottenham all dropping points earlier in the day and both Manchester United and Leicester not in action until tomorrow, the Blues had a chance to cement their place in the Champions League places. However, Frank Lampard’s side failed to create many clearcut openings and the sting in the tail leaves Chelsea only five points above fifth-placed United having played a game more. Lampard made just one change to the team that beat Burnley last weekend with N’Golo Kante replacing Ross Barkley in midfield, something of a gamble given he had been continuing to manage a hamstring problem. Newcastle were content to sit deep with a five-man defence when not in possession with the Blues left to probe for a way through. Jetro Williams was stretchered off injured inside the opening 15 minutes at the end of a long delay which only contributed further to the truncated feel, the Blues only sporadically able to cause problems despite monopolising the ball. Newcastle’s ambition was limited but they almost took the lead after 21 minutes when Joelinton met a cross from the right eight yards out with a firm header which cannoned back off the crossbar. Tammy Abraham fired over a few minutes later as Chelsea continued to try and engineer a clear opening. That eventually came from Reece James, who curled an excellent pass in behind the Newcastle defence for Kante but his low drive was turned behind smartly by Martin Dubravka. Federico Fernandez headed over as another cross from the Newcastle right, this time from Jonjo Shelvey, exposed weaknesses and although Chelsea began to up the tempo before the interval, they only had a Mason Mount free-kick deflected wide to show for it. Chelsea briefly improved more tangibly at the start of the second period. Willian dragged a shot wide to waste a promising counter-attack before Cesar Azpilicueta drilled a 20-yard effort straight at Dubravka. Space was beginning to open up but they struggled to capitalise, allowing Newcastle to regroup, prompting Lampard to replace Mount with Barkley for the final 23 minutes. Moments after coming on, Barkley’s pass was intercepted by fellow substitute Sean Longstaff but into the path of Abraham, who failed to steady himself in steering a low shot off target with Dubravka sprawled at his feet. Abraham almost found the breakthrough with 11 minutes remaining as Azpilicueta turned Jorginho’s pass into his path but his effort was scrambled clear. It would be Abraham’s final contribution as Lampard sent on Michy Batshuayi but another substitute, Emerson Palmieri, almost won it when his low drive was deflected just wide after Willian’s cross had been cleared into his path. Instead, it was Hayden and Newcastle who had the last laugh.Tags: Antonio RudigerChelseaIsaac HaydenKepa ArrizabalagaNewcastlePremier LeagueSt james’ Parklast_img read more