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The seven million foreclosures that occurred between 2004 and 2015 fueled the Great Recession. But the role of adverse public records is just as significant.
Fifty-two million homeowners have accessible housing wealth but highly concentrated by age and geography. Nonetheless, it is still shared more equally than other forms of wealth.
Foreclosures, low credit scores, negative public records, and debt in collections plague middle-aged former homeowners at high rates.
The 118 million US homeowners and 127 million renters tend to share certain characteristics, but does having a mortgage change any of these patterns?
How do Americans use debt throughout their lifetime? We recently examined the credit records of more than 5 million consumers to find out.
Obtaining a mortgage is getting easier, but lenders are still too cautious, depressing housing demand and holding back a broader economic recovery.

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