2 Interesting Facts for the Day

EVERY HOMEY - Of the 51 million households that own a home and have a mortgage, the average outstanding debt is $200,000. There are another 24 million households that own their home free-and-clear (source: Census Bureau). 6/21/10 issue, # 9.

DIDN’T SOLVE THE PROBLEM - 48.4% of home mortgages modified by lenders in the 1st quarter 2009 were 90 days or more delinquent just 1-year later (source: Office of the Comptroller of the Currency). 7/19/10 issue, # 8.