This is a huffingtonpost.com article.
In addition to very large Consumer credit borrowing that rose $17.2 billion in February (but excludes mortgage lending), the number of new first mortgages increased markedly in 2015, according to new data from credit rating company Equifax. In fact, mortgage lending is approaching pre-recession levels thanks to the Fed’s low interest rate policy, which will help the housing shortage by stimulating more new-home construction.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”