Google+
Home | Daily Dose | Consumer Credit Default Rates Paint Mixed Picture
Print This Post Print This Post

Consumer Credit Default Rates Paint Mixed Picture

Default Notice BHMortgage default rates declined and outstanding mortgage balances were well below their 2008 peak in March 2016, according to the March 2016 S&P/Experian Consumer Credit Default Indices (SPICE Indices) released on Tuesday.

The composite default index, which consists of the first and second mortgage default rates, the auto loan default rate, and the bank card default rate, dropped by four basis points from February to March (0.97 percent to 0.93 percent) and by 12 basis points over-the-year in March.

The first mortgage default rate declined by seven basis points over-the-month and by 15 basis points over-the-year in March down to 0.77 percent. The second mortgage default rate of 0.59 percent in March represented a decline of one basis point over-the-month and an increase of nine basis points over-the-year.

The auto loan default rate slightly declined both over-the-month and over-the-year down to 1.02 percent. The huge increase was seen in the bank card default rate, which was down by seven basis points over-the-year but up by 36 basis points over-the-month to 2.92 percent.

S and P graph“The continuing low rates of consumer credit defaults in mortgages, auto, and bank card loans are positive signs for the economy,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Large mortgage debts followed by rapidly rising defaults in all kinds of consumer credit were key causes of the financial crisis. Conditions today are much improved; not only are defaults down, but outstanding mortgage balances were about 12 percent below the peak seen in the first quarter of 2008. Debt service ratios are close to the record lows set in the last two years as well. This all suggests that consumer spending should continue to support modest economic growth.”

The increasing bank card default rate and the declining mortgage rate tell different stories about consumers’ borrowing patterns, according to Blitzer. For starters, the bank card default rate has been both greater and more volatile than mortgage default rates.

“While bank card balances and defaults saw increases, consumer prices were flat, indicating that the growth in balances reflects increased spending,” Blitzer said. “Mortgage balances barely grew even though home prices, as measured by the S&P/CaseShiller Home Price Index, are rising 5 to 6 percent annually. The substantial majority of home sales are of existing homes, which means mortgages are being paid off at the same time new mortgages are being written.”

About Author: Brian Honea

Brian Honea
Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

380 comments

  1. Pingback: Consumer Credit Default Rates Paint Mixed Picture - Appraisal Buzz

  2. Pingback: Consumer Credit Default Rates Paint Mixed Picture - Brokers TitleBrokers Title

  3. Pingback: cm54xtcn5wyxjcmt5neywtfasdw4cet

  4. Pingback: under aged drinking

  5. Pingback: دانلود قسمت هشتم شهرزاد دوم

  6. Pingback: دانلود شهرزاد قسمت دوازدهم فصل دوم

  7. Pingback: دانلود شهرزاد قسمت نهم فصل دوم

  8. Pingback: دانلود شهرزاد قسمت هفتم فصل دوم

  9. Pingback: دانلود قسمت هفدهم عاشقانه

  10. Pingback: Dillion Harper

  11. Pingback: دانلود قسمت چهارده عاشقانه

  12. Pingback: Mia Malkova

  13. Pingback: Brittney White

  14. Pingback: terörist sosyalmarketim

  15. Pingback: دانلود شهرزاد قسمت هفتم فصل دوم

  16. Pingback: lesbian porn xxx

  17. Pingback: Dillion Harper

  18. Pingback: casinos that pay

  19. Pingback: دانلود قسمت دوازه عاشقانه

  20. Pingback: دانلود قسمت اول شهرزاد دوم

  21. Pingback: سریال عاشقانه

  22. Pingback: Loyola College for Sale

  23. Pingback: دانلود قسمت 11 شهرزاد 2

  24. Pingback: دانلود قسمت 13 عاشقانه

  25. Pingback: under armour store australia

  26. Pingback: bypass windows 7 admin password

  27. Pingback: videos porno

  28. Pingback: medical college in India with 45% marks

  29. Pingback: titleist 917 driver

  30. Pingback: porno gratis

  31. Pingback: videos porno

  32. Pingback: porno

  33. Pingback: videos porno

  34. Pingback: porno gratis

  35. Pingback: videos porno

  36. Pingback: videos porno

  37. Pingback: porno

  38. Pingback: porno

  39. Pingback: پنجره ضد سرقت ایرانی

  40. Pingback: دانلود قسمت هفدهم عاشقانه

  41. Pingback: پنجره دوجداره وین تک ویستابست

  42. Pingback: فروش پنجره دو سه جداره

  43. Pingback: ساخت پنجره دوجداره

  44. Pingback: taurus man love daily horoscope

  45. Pingback: Facial Spa Services Dania Beach

  46. Pingback: Acne Facial Treatments Hollywood

  47. Pingback: Acne Facial Treatments Cooper City

  48. Pingback: Acne Facial Treatments Oakland Park

  49. Pingback: thigh wrap

  50. Pingback: پنجره دوجداره

  51. Pingback: دانلود موزیک

  52. Pingback: cheap hotel booking

  53. Pingback: video gaming

  54. Pingback: buy zynga poker chips

  55. Pingback: hack clash royale

  56. Pingback: sale LED Recessed lights

  57. Pingback: Qiu Qiu Online

  58. Pingback: پنجره دوجداره

  59. Pingback: پنجره

  60. Pingback: magazin de pescuit

  61. Pingback: coin-banks trading

  62. Pingback: bitcoin trading

  63. Pingback: coin-banks bitcoin

  64. Pingback: coin-banks cryptocurrency

  65. Pingback: coin-banks exchange

  66. Pingback: sluchawki sharkoon

  67. Pingback: coin-banks exchange

  68. Pingback: coin-banks cryptocurrency

  69. Pingback: Porn World

  70. Pingback: دانلود قسمت هشتم شهرزاد دوم

  71. Pingback: see website

  72. Pingback: anime series

  73. Pingback: download

  74. Pingback: cr hack

  75. Pingback: دانلود شهرزاد 13

  76. Pingback: دانلود شهرزاد قسمت سیزده 13

  77. Pingback: دانلود شهرزاد قسمت 15

  78. Pingback: Accounting firms in chicago

  79. Pingback: vpn

  80. Pingback: http://

  81. Pingback: signal102.cloud.rta.mi.th/home.php?mod=space&uid=2209186&do=profile&from=space

  82. Pingback: Social Media Marketing

  83. Pingback: TRUSSARDI BAGS

  84. Pingback: free blazing

  85. Pingback: excavator

  86. Pingback: 16 دانلود شهرزاد

  87. Pingback: super hero

  88. Pingback: Read Full Article

  89. Pingback: ethereum classic

  90. Pingback: 16 دانلود سریال شهرزاد

  91. Pingback: دانلود عالیجناب قسمت اول

  92. Pingback: دانلود فیلم ایرانی

  93. Pingback: دانلود قسمت دوم سریال عالیجناب

  94. Pingback: belly fat

  95. Pingback: دانلود عالیجناب اول 1

  96. Pingback: دانلودسریال عالیجناب قسمت دوم

  97. Pingback: 食品

  98. Pingback: thestyleshoes

  99. Pingback: guia consulta cpf

  100. Pingback: political polls twitter

  101. Pingback: http://www.fixteethtmj.com

  102. Pingback: FIRST TRY TRICKSHOT

  103. Pingback: شرکت تولیدی پنجره دوجداره ترک

  104. Pingback: دانلود

  105. Pingback: آموزش ساخت پنجره دوجداره

  106. Pingback: دانلود

  107. Pingback: فروش توری پنجره

  108. Pingback: big truck

  109. Pingback: ce site

  110. Pingback: Our Limousine service Vancouver BC office

  111. Pingback: guaranteed unsecured loans

  112. Pingback: دانلود فیلم سریال

  113. Pingback: buy home

  114. Pingback: دانلود فیلم با کیفیت

  115. Pingback: Peppa Pig

  116. Pingback: Bacillus Anthracis Symptoms

  117. Pingback: ключар

  118. Pingback: پنجره دوجداره

  119. Pingback: فروش توری پنجره دوجداره

  120. Pingback: پنجره دوجداره

  121. Pingback: پنجره دوجداره

  122. Pingback: video

  123. Pingback: IELTS course in Karachi

  124. Pingback: مشاوره کسب و کار اینترنتی

  125. Pingback: can you buy weed online in canada

  126. Pingback: drugs

  127. Pingback: SEO Manchester

  128. Pingback: diet and weight loss

  129. Pingback: motorhome hire

  130. Pingback: Refresher training

  131. Pingback: sunnyvale podiatrist

  132. Pingback: garden bridges new york

  133. Pingback: situs qq deposit murah

  134. Pingback: grafisch.MijnStartOnline.nl

  135. Pingback: Limo Services Vancouver BC

  136. Pingback: download gaple game

  137. Pingback: https://profiles.wordpress.org/jamesmithwood3209/

  138. Pingback: 2 Week Diet Review

  139. Pingback: 2 Week Diet System

  140. Pingback: private proxy

  141. Pingback: web design company karachi

  142. Pingback: ed sheeran latest song

  143. Pingback: دانلود

  144. Pingback: macbook repair

  145. Pingback: دانلود فیلم

  146. Pingback: دانلود فیلم اکسیدان

  147. Pingback: Lincoln dental connect

  148. Pingback: instagram turbanli porn

  149. Pingback: پنجره

  150. Pingback: peppa pig

  151. Pingback: Bad Doctor

  152. Pingback: پنجره دوجداره

  153. Pingback: gardening

  154. Pingback: Polecam

  155. Pingback: www

  156. Pingback: Camellia

  157. Pingback: garden bridge

  158. Pingback: daily vlog

  159. Pingback: usi tech

  160. Pingback: zumbido ouvido sinusite tem cura

  161. Pingback: maintenance

  162. Pingback: http://streptococcus-agalactiae.com

  163. Pingback: Angel675

  164. Pingback: live sex cams

  165. Pingback: casinos online real money

  166. Pingback: دانلود

  167. Pingback: comedy

  168. Pingback: tablestacas

  169. Pingback: garden bridges Los Angeles

  170. Pingback: garden bridges San Francisco

  171. Pingback: Single Chat

  172. Pingback: Bad Credit Remortgages

  173. Pingback: jacksonville seo company

  174. Pingback: what that

  175. Pingback: Pig toys

  176. Pingback: gown

  177. Pingback: commercial air conditioner service Colton

  178. Pingback: Giving My Wife A New Dick

  179. Pingback: assured return commercial projects in gurgaon

  180. Pingback: children animation

  181. Pingback: watch illegal porn

  182. Pingback: how to remove blackheads from nose

  183. Pingback: nursery rhymes

  184. Pingback: vape mods

  185. Pingback: Elvis Wedding Signer

  186. Pingback: car shipping companies

  187. Pingback: دانلود فیلم نهنگ عنبر 2

  188. Pingback: buy porn collection google

  189. Pingback: learn colors with baby and balls

  190. Pingback: Judi Online

  191. Pingback: payday loans

  192. Pingback: Yarra Valley

  193. Pingback: https://disqus.com/by/disqus_fXCvhfHvy6/

  194. Pingback: buy cheap hacklinks

  195. Pingback: send car overseas

  196. Pingback: sport toe socks

  197. Pingback: پنجره کرج

  198. Pingback: online auction

  199. Pingback: پنجره

  200. Pingback: how to make a scorpio jealous

  201. Pingback: دانلود سریال شهرزاد

  202. Pingback: دانلود فیلم دوبله شده

  203. Pingback: دانلود فیلم دوبله شده

  204. Pingback: دانلود آینه بغل

  205. Pingback: Shopping cart cover

  206. Pingback: نهنگ عنبر

  207. Pingback: Breastfeeding scarf

  208. Pingback: stroller sunshade

  209. Pingback: free iphone porn

  210. Pingback: Canada Goose Jakke Billig

  211. Pingback: top article

  212. Pingback: SkinAlley

  213. Pingback: Sang Kutu Bola

  214. Pingback: Deal Feed

  215. Pingback: Deal Feed

  216. Pingback: Tueroeffnung

  217. Pingback: Segala Rupa Judi Online

  218. Pingback: maximainvestments

  219. Pingback: porn movie

  220. Pingback: lesbian mobile

  221. Pingback: free pay online

  222. Pingback: دانلود فیلم نهنگ عنبر

  223. Pingback: Providing expert tips

  224. Pingback: ΘΕΣΣΑΛΟΝΙΚΗ ΞΕΝΟΔΟΧΕΙΑ

  225. Pingback: buy hacklink google

  226. Pingback: ΚΟΥΠΟΝΙ ΣΤΟΙΧΗΜΑ

  227. Pingback: USAA Bank

  228. Pingback: 2 دانلود نهنگ عنبر

  229. Pingback: western astrology chart

  230. Pingback: Oddsmonkey

  231. Pingback: Oddsmonkey

  232. Pingback: Oddsmonkey

  233. Pingback: Oddsmonkey

  234. Pingback: WalmartOne Login

  235. Pingback: funnel stainless

  236. Pingback: www.consumerhealthdigest

  237. Pingback: menoquil review

  238. Pingback: envisionsolutionsnow.com/omega-xl-review/

  239. Pingback: رگ خواب

  240. Pingback: رگ خواب

  241. Pingback: switchable privacy film

  242. Pingback: Hakukoneoptimointi Espoo

  243. Pingback: http://bit.ly/hawaii-seo

  244. Pingback: mobile accessories

  245. Pingback: paranormal show

  246. Pingback: christian

  247. Pingback: Bitcoin

  248. Pingback: Crotchless Black Fishnet Lace Detail Tights With Circular Cut Out On The Hips

  249. Pingback: http://bostonbankruptcy65.blogspot.com/2017/10/adult-seo.html

  250. Pingback: http://

  251. Pingback: Arvind Pandit

  252. Pingback: it disposal

  253. Pingback: pornwik

  254. Pingback: IT Disposal maidenhead

  255. Pingback: 3D Model of BlackBerry Z10 Black

  256. Pingback: hyperlink

  257. Pingback: essay help online uk

  258. Pingback: vidfox

  259. Pingback: Peter Schatzberg Florida

  260. Pingback: bunk bed singapore

  261. Pingback: korel family dentistry

  262. Pingback: stretchy car seat canopy

  263. Pingback: how to fix my credit score

  264. Pingback: porn world xxx sex polls

  265. Pingback: hakiki zeytinyağı

  266. Pingback: programas de ventas gratis

  267. Pingback: pirater un compte facebook

  268. Pingback: WoW classic discord

  269. Pingback: Professional Ant Control

  270. Pingback: aparate aer conditionat 9.000 - 12.000 btu montaj rapid

  271. Pingback: gambling

  272. Pingback: anniversary gifts

  273. Pingback: walmartone

  274. Pingback: buy sell hacklinks

  275. Pingback: Pure Therapeutic Grade Essential Oils

  276. Pingback: eico quote

  277. Pingback: deals

  278. Pingback: cheap michael kors

  279. Pingback: get a medical marijuana card online in Fullerton

  280. Pingback: indian tea

  281. Pingback: speaking of

  282. Pingback: Torrance medical cannabis card renewals near me

  283. Pingback: anthony morrison

  284. Pingback: bandar ceme

  285. Pingback: al

  286. Pingback: Pinganillo para examenes

  287. Pingback: vip financial education

  288. Pingback: 2018 Porsche 991 GT3 Armytrix Titanium Exhaust

  289. Pingback: best free porn

  290. Pingback: holder metal trivet

  291. Pingback: hanging clothes organizer

  292. Pingback: free porn sites

  293. Pingback: deeeep.io wiki

  294. Pingback: free porn sites

  295. Pingback: Gunnar Andreassen

  296. Pingback: varmepumpeoversikt.no

  297. Pingback: best porn site

  298. Pingback: instagram porn

  299. Pingback: black seed oil

  300. Pingback: Personalized Video From Santa Claus

  301. Pingback: cheap viagra online

  302. Pingback: escorts madrid

  303. Pingback: wtfcoffeelab.com

  304. Pingback: HR Management Bangalore

  305. Pingback: winning-wines.com

  306. Pingback: Nettavis Salten

  307. Pingback: porn sites

  308. Pingback: facedevideo.com

  309. Pingback: homemade porn sites

  310. Pingback: ladyboy porn

  311. Pingback: porn sites

  312. Pingback: buy blueray porn hd

  313. Pingback: china-dhgate.com

  314. Pingback: 11 Catterley Hill Road

  315. Pingback: walmartone

  316. Pingback: online money

  317. Pingback: wedding gowns toronto

  318. Pingback: covers accessories

  319. Pingback: Visit Your URL

  320. Pingback: walmart1

  321. Pingback: hop over to this web-site

  322. Pingback: click for more

  323. Pingback: my blog

  324. Pingback: recommended you read

  325. Pingback: check my blog

  326. Pingback: excel tutorial

  327. Pingback: excel guide

  328. Pingback: fake gucci belt

  329. Pingback: skin lightening

  330. Pingback: video excel

  331. Pingback: self managed dedicated servers

  332. Pingback: آینه بغل

  333. Pingback: http://sexmake.com/

  334. Pingback: daltile city lights

  335. Pingback: Limo Rental Vancouver BC

  336. Pingback: wordpress support

  337. Pingback: ร้านทำผม สยาม

  338. Pingback: buy china goods

  339. Pingback: Awesome Chrome Extensions 2018

  340. Pingback: child custody

  341. Pingback: Hoodies

  342. Pingback: drone-works.com

  343. Pingback: white label casino

  344. Pingback: matthew pillmore

  345. Pingback: Cheap Ray Bans

  346. Pingback: buy china goods

  347. Pingback: geico quote

  348. Pingback: jake burgess

  349. Pingback: homeowners insurance company

  350. Pingback: Site

  351. Pingback: Recommended Reading

  352. Pingback: Lotto Dominator Review

  353. Pingback: licensed moneylender

  354. Pingback: licensed moneylender

  355. Pingback: Flower delivery singapore

  356. Pingback: פרשיות תפילין

  357. Pingback: מזוזות

  358. Pingback: pure cbd oil reviews

  359. Pingback: בתי מזוזה מעוצבים

  360. Pingback: cbd oil safe

  361. Pingback: cannabidiol review

  362. Pingback: Average AUTO insurance by state

  363. Pingback: home owners insurance

  364. Pingback: dos games

  365. Pingback: brazzers mobile

  366. Pingback: coupon code

  367. Pingback: Vancouver BC airport shuttle Northstarlimos

  368. Pingback: free psn codes generator

  369. Pingback: progressive motorcycle insurance quotes

  370. Pingback: Los Angeles Escorts

  371. Pingback: pewność siebie

  372. Pingback: geico home insurance quote

  373. Pingback: helicopter tour

  374. Pingback: wedding dresses

  375. Pingback: Coach Outlet Sale

  376. Pingback: phen375 customer reviews yahoo

  377. Pingback: health insurance marketplace

  378. Pingback: nothing but the truth

  379. Pingback: mp3

  380. Pingback: Sell Google Pixel

Leave a Reply

Scroll To Top