Mortgage Debt Outstanding, as of the end of the 4th Quarter of 2016, totals over $14.291 trillion. This does not include nonhousing debt.
$14.291 trillion in mortgage debt, assuming a 20-year maturity on 30-year notes at a 4% rate of interest, would mean that Americans are paying approximately $68.2 billion in mortgage payments each month.
Federal Reserve Board of Governors
Release Date: March 2017
Millions of dollars, end of period
2016Q4 – All Holders 14,291,245
By type of property
One- to four- family residences 10,265,680
Multifamily residences1 1,186,655
Nonfarm, nonresidential 2,614,809
The Leviticus 25 Plan would easily accommodate the elimination of 50% of the Mortgage Debt Outstanding in the U.S..
This would result in approximately $34.1 billion in new money flowing into the cities and towns across America … each month… for the next 20 years.
This would ease the financial strain on American families, re-ignite economic growth, reduce dependence on government entitlement programs and social welfarism. This would also strengthen loan portfolio asset quality for banks and improve capitalization structures..
The Leviticus 25 Plan would also generate $1.02 trillion government surpluses annually for each of the next five years.
America’s one and only ‘powerhouse’ economic acceleration plan:
The Leviticus 25 Plan 2018 – $75,000 per U.S. citizen