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Non-Mortgage Debt a Potential Concern for Lenders
Tuesday, August 4, 2015
Returning to economic normalcy apparently means that
Americans are back into heavy-debt mode.
Black Knight Financial Services said today that levels of non-mortgage
debt at the end of April were at the highest levels in 10 years.
The company looked at average overall non-mortgage debt of
persons who hold a mortgage and at the components of that debt in the current
issue of its Mortgage Monitor. The average debt level of those
individuals is just about $24,800, up from $23,400 in April of last year. Non-mortgage debt hit a recent low in 2011,
averaging $22,230, so the newer number is an increase of $2,600 in four
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