PrimeConcern asked:


Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $200,000, that comes out to a scary $14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $280 billion. It could obviously be much higher.

Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy.

PABLO

6 Responses to “How much mortgage debt is there in the USA?”

1. I on March 2nd, 2010 8:34 pm

   DANNY

   I

2. 5 on March 6th, 2010 6:16 am

   BILLY

   5

3. a on March 8th, 2010 7:58 pm

   CHARLES

   a

4. h on March 9th, 2010 10:30 am

   HARVEY

   h

5. 2 on March 11th, 2010 11:54 am

   DAVID

   2

6. 1 on March 11th, 2010 3:06 pm

   DUSTY

   1

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