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Loan Modification

: Mortgage Lender Implode-o-Meter

Global Household Leverage, House Prices, and Consumption

By Implode-Explode Heavy Industries

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"Household leverage in the United States and many industrial countries increased dramatically in the decade prior to 2007. Countries with the largest increases in household leverage tended to experience the fastest rises in house prices over the same period. These same countries tended to experience the biggest declines in household consumption once house prices started falling."

Full post as published by Mortgage Lender Implode-o-Meter on January 11, 2010 (boomark / email).

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