According to a monthly report from the S&P Dow Jones Indices and Experian, the most popular types of consumer defaults remained steady. Click through to see which metropolitan areas saw the most significant default shifts.
Read More »Credit Default Rates Dip Down in July
The national credit picture took a nine basis point dip in July from the year prior, as mortgage and consumer credit default rates overall stay steady on a month-over-month basis.
Read More »What is Keeping Consumer Credit Default Rates Low?
The first mortgage default rate has leveled out after seeing three consecutive months of increases in Q4.
Read More »The Week Ahead: Waiting to See if Mortgage Default Rate Will Reverse Course
The default rate on first mortgages ticked up in each month from October through December. Will it continue to rise in January or will it do an about face?
Read More »Mortgage Default Rate is Quietly Creeping Upward
The default rate on first mortgages has been climbing recently. Is a trend forming, or is it the result of seasonal fluctuations?
Read More »Are Rising Consumer Credit Default Rates Becoming a New Trend?
Consumer credit default rates, including first and second mortgage default rates, increased for the second consecutive month in November. Should the industry be concerned?
Read More »Mortgage Default Rates Decline, Driving Consumer Credit Default Index Down
The default rates for both first mortgages and second mortgages dropped from August to September, fueling the decline in the composite index. The first mortgage default rate fell by eight basis points down to 0.76 percent and the second mortgage default rate dropped by 10 basis points down to 0.47 percent in September. Both rates are close to the historic lows for the first and second mortgage default rates of 0.74 percent and 0.42 percent, respectively, both reached in May 2015.
Read More »First and Second Mortgage Default Rates Rise for the Second Time in Three Months
The first mortgage default rate for August was 0.84 percent, up four basis points from July. This default rate fell to a historic low of 0.74 percent in May, then jumped by six basis points in June and held steady in July.
Read More »Consumer Credit, Mortgage Default Rates Slightly Increase
The rate of consumer credit default in the U.S. inched slightly upward in September, and the mortgage default rate also marginally increased, according to the September 2014 S&P/Experian Consumer Credit Default Indices released earlier this week.
Read More »