Tuesday, 27 September 2022 | The Latest Buzz for the Appraisal Industry

Report: Children Exposed to Foreclosures Experience Delinquency, High Credit Use

A study by the Federal Reserve Bank of Philadelphia found young adults who experienced a foreclosure-induced tendency to seek credit at a higher rate, and delinquency and low credit scores are also more pronounced in the group of adolescents who were between the ages of 10 and 14 at the time of foreclosure. The bank …

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