For this forum, I have chosen to focus my discussion on factors affecting the overall movements in credit card debt. The bulk of revolving credit in the United States today is held in the form of credit card debt. As the financial crisis developed in late 2008, the aggregate amount of credit card debt outstanding began to fall.
Although they play different roles, all share a common goal: to ensure that the mortgage market is responsible, transparent, efficient, and serves the needs of consumers and market participants alike. Clearly, the recent mortgage crisis has highlighted the potential ramifications of a mortgage market that is not functioning well.