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Joshua Kennon
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Daily Archives: November 5, 2010

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Mortgage Agreement Essay

Nearly 1 Out of 3 Homeowners Have No Mortgage

EconomicsBy Joshua KennonNovember 5, 20102 Comments

According to the Census Bureau’s report (§963 Mortgage Characteristics – Owner Occupied Units), as of 2007 when the most recent data was available, the United States had 75,647,000 owner-occupied households.  Of these, 24,885,000 had no mortgage.  That is, not a single penny was owed the bank and the homeowner had total equity in the property.…

Credit Card Statemen

Credit Card Debt Declines for the 25th Straight Month

Credit Card DebtBy Joshua KennonNovember 5, 20101 Comment

The AP had great news about credit card debt today: Consumer borrowing increased in September for the first time since January even though the category that includes credit cards dropped for a record 25th straight month. The rise in credit came from the category that includes student loans. That means that consumer debt rose a…

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