• Ocwen3.19+0.04 +1.27%
  • Zillow39.10-0.82 -2.05%
  • Trulia47+0 +0%
  • NationStar17.83+0.13 +0.73%
  • CoreLogic45.84+0.19 +0.42%
  • RE/MAX61.95+0.40 +0.65%
  • Fannie Mae2.80+0.00 +0.00%
  • Freddie Mac2.68+0.04 +1.32%
  • Wells Fargo54.25+0.19 +0.35%
  • CitiMortgage71.40-0.36 -0.50%
  • Bank of America25.02-0.14 -0.56%
  • Fidelity National Financial47.66+0.27 +0.57%
  • First American49.19+0.35 +0.72%
  • Black Knight Financial Services43.70+0.25 +0.58%
  • AUDUSD=X0.7966+0.0005 +0.0615%
  • USDJPY=X112.3840+0.4260 +0.3805%
Home | Daily Dose | Defaults on the Downward Slope
Print This Post Print This Post

Defaults on the Downward Slope

On Tuesday, S&P Dow Jones Indices and Experian released its S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults. The comprehensive April 2017 Indices dropped four basis points from the previous month to 0.90 percent.

While the bank card Index increased by four basis points, to 3.35 percent, auto loan defaults and first mortgage defaults decreased. Auto loan defaults fell 10 basis points to 0.90 percent, while first mortgages saw a default rate drop of six basis points from March, down to 0.69 percent, the same level as April 2016.

"Default rates on first mortgages are steady as home prices continue to rise in most parts of the country and sales of both new and existing homes increase,” said David M. Blitzer, Managing Director & Chairman of the Index Committee at S&P Dow Jones Indices. “The [Federal Reserve's quarterly survey of senior bank loan officers] reported little change in either demand for mortgage loans or mortgage lending standards. The level of outstanding mortgage debt bottomed in the second quarter of 2014 and has been increasing steadily since then. After almost three years, outstanding mortgage debt is 9 percent below the peak seen in the first quarter of 2008. Some analysts question if continuing increases in home prices presage a new housing bubble. Given conditions in the mortgage markets, this is not a current concern."

Defaults on second mortgages fell as well, from 0.57 to 0.51 month-over-month. This is a 7-basis point drop from April of 2016.

On a regional level, four of the five major cities covered by the index experienced a decrease in default rates in April. Chicago saw the largest decrease, falling 11 basis points to 0.94 percent from March. In Dallas and Miami, defaults fell by 10 basis points to 069 percent and 1.30 percent, respectively. The only city to report an increase in the default rate was New York, up one basis point in March to 1.10 percent.

About Author: Seth Welborn

Profile photo of Seth Welborn
Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.


  1. Pingback: cm54xtcn5wyxjcmt5neywtfasdw4cet

  2. Pingback: alcoholism definition

  3. Pingback: دانلود قسمت هشتم شهرزاد دوم

  4. Pingback: دانلود شهرزاد قسمت هشتم فصل دوم

  5. Pingback: دانلود شهرزاد قسمت دوازدهم فصل دوم

  6. Pingback: lesbian sex

  7. Pingback: دانلود قسمت ششم فصل دوم شهرزاد

  8. Pingback: دانلود قسمت 12 عاشقانه

  9. Pingback: Brittney White

  10. Pingback: Angela White

  11. Pingback: Jessie Volt

  12. Pingback: دانلود فصل دوم شهرزاد

  13. Pingback: dolandirici sosyal marketim

  14. Pingback: Free Stuff Worldwide

  15. Pingback: Paleo Diet

  16. Pingback: forklift repair miami

  17. Pingback: online movie

  18. Pingback: پنجره

  19. Pingback: دانلود قسمت اول شهرزاد دوم

  20. Pingback: Loyola College for Sale

  21. Pingback: دانلود قسمت سوم شهرزاد دوم

  22. Pingback: دانلود قسمت 13 عاشقانه

  23. Pingback: دانلود قسمت اول فصل دوم شهرزاد

  24. Pingback: Beata

  25. Pingback: videos porno

  26. Pingback: taylormade m2 irons australia

  27. Pingback: porno

  28. Pingback: porno gratis

  29. Pingback: videos porno

  30. Pingback: videos porno

  31. Pingback: videos porno

  32. Pingback: ساخت پنجره دو سه جداره

  33. Pingback: دانلود سریال عاشقانه

  34. Pingback: aries man love today

  35. Pingback: ساخت پنجره دوجداره

  36. Pingback: free auto transport quote

  37. Pingback: Acne Facial Treatments Coral Springs

  38. Pingback: Facial Spa Services Davie

  39. Pingback: Facial Spa Services Hillsboro Beach

  40. Pingback: فروش توری پنجره دوجداره

  41. Pingback: پنجره

  42. Pingback: groin brace support

  43. Pingback: دانلود قسمت پنجم شهرزاد دوم

  44. Pingback: online casino singapore

  45. Pingback: دانلود قسمت ششم شهرزاد دوم

  46. Pingback: oral

  47. Pingback: hotel booking search engine

  48. Pingback: jake burgess san diego ca

  49. Pingback: دانلود قسمت هفتم شهرزاد

  50. Pingback: sale LED Recessed lights

  51. Pingback: پنجره دوجداره

  52. Pingback: i88Cash

  53. Pingback: coin-banks exchange

  54. Pingback: bitcoin investment coin-banks

  55. Pingback: coin-banks

  56. Pingback: DraftKings

  57. Pingback: coin-banks review

  58. Pingback: coin-banks bitcoin

  59. Pingback: mdansby software

  60. Pingback: contact

  61. Pingback: دانلود قسمت هشتم شهرزاد دوم

  62. Pingback: australia golf price

  63. Pingback: دانلود فیلم

  64. Pingback: clash royale generator

  65. Pingback: دانلود شهرزاد سیزده 13

  66. Pingback: دانلود سریال شهرزاد قسمت 15 پانزده

  67. Pingback: دانلود شهرزاد قسمت سیزده 13

  68. Pingback: پنجره دو سه جداره

  69. Pingback: Social Media Marketing

  70. Pingback:

  71. Pingback:

  72. Pingback: Furnace repair

  73. Pingback: over here

  74. Pingback: Lee

  75. Pingback: relations

  76. Pingback: دانلود عالیجناب قسمت اول

  77. Pingback: دانلود عالیجناب اول 1

  78. Pingback: دانلود فیلم ایرانی

  79. Pingback: دانلودسریال عالیجناب قسمت دوم

  80. Pingback: political polls twitter

  81. Pingback: پنجره ضد سرقت ایرانی

  82. Pingback: دانلود

  83. Pingback: شرکت تولیدی پنجره دوجداره

  84. Pingback: فروش توری پنجره دوجداره

  85. Pingback: دانلود

  86. Pingback: پنجره دوجداره وین تک

  87. Pingback: آموزش پنجره دوجداره

  88. Pingback: taylormade m2 irons

  89. Pingback: le lien incontournable

  90. Pingback: discount codes

  91. Pingback: دانلود فیلم با کیفیت

  92. Pingback: دانلود فیلم

  93. Pingback: how to buy bitcoin

  94. Pingback: پنجره

  95. Pingback: تعویض پنجره دوجداره

  96. Pingback: درب

  97. Pingback: авто-ключар

  98. Pingback: پنجره دوجداره

  99. Pingback: پنجره دوجداره

  100. Pingback: پنجره

  101. Pingback: فروش توری پنجره دوجداره

  102. Pingback:

  103. Pingback: پنجره دوجداره

  104. Pingback: پنجره دوجداره

  105. Pingback: buy real weed online cheap

  106. Pingback: instagram porn

  107. Pingback: garden bridges california

  108. Pingback:

  109. Pingback:

  110. Pingback: waterfall showerhead

  111. Pingback: ed sheeran tour dates

  112. Pingback: wacomacbookrepair

  113. Pingback: فیلم اکسیدان

  114. Pingback: window

  115. Pingback: Bad Spiderman

  116. Pingback: instagram porn

  117. Pingback: official site

  118. Pingback: Bad Spiderman

  119. Pingback: Compartilhe

  120. Pingback: پنجره

  121. Pingback: aliexpress dropshipping sites

  122. Pingback: دانلود

  123. Pingback: karaj

  124. Pingback: پنجره دوجداره

  125. Pingback:

  126. Pingback: garden bridge

  127. Pingback: Web Design

  128. Pingback: bitcoin

  129. Pingback: quality design products

  130. Pingback: programa de restauração auditiva reclame aqui

  131. Pingback: صيانة

  132. Pingback: bowl

  133. Pingback: karaj

  134. Pingback: serving bowl

  135. Pingback: download

  136. Pingback: دانلود

  137. Pingback: دانلود

  138. Pingback: garden bridges Los Angeles

  139. Pingback: Bad Credit Remortgages

  140. Pingback: real estate wordpress themes responsive

  141. Pingback: Marvin

  142. Pingback: Make Money Online Without a Website

  143. Pingback: buy hacklinks

  144. Pingback: cheap jordans free shipping

  145. Pingback: yes to tomatoes

  146. Pingback: Elvis

  147. Pingback: دانلود فیلم نهنگ عنبر 2

  148. Pingback: Judi Bola

  149. Pingback: solution manuals

Leave a Reply

Scroll To Top