CFPB and U.S. Census Bureau data reveals that older homeowners are increasingly struggling with paying their traditional mortgages on time, and it’s even worse for older borrowers of color and multi-generational households.
The Villages, a planned community located in Central Florida made up entirely of seniors, was the fastest-growing metropolitan area over the past 10 years in the United States according to recent Census Bureau data.
More Americans today find themselves living in homes that are free and clear of forward mortgage payments when compared with years past, according to U.S. Census data analyzed by Zillow (via Bloomberg). That data indicates that nearly 37 percent of American households own their homes without any remaining mortgage payment obligations. This number found itself […]