Michael Krein, President of the National REO Brokers Association, explains how things have changed dramatically in the way the default and foreclosure world operates.
Read More »Cash-Out Refis Dominate Market, Increasing Risk Level
The latest Mortgage Default Index (MMDI) published by Milliman, Inc., showed that mortgage risk rate continues to increase in the second quarter of 2022 with heavy cash-out refinance volumes weighing on the market. According to Milliman, the default risk for ...
Read More »Delgado: COVID-19 a ‘Tsunami’ With Slowly Rising Defaults
Five Star Global’s President and CEO was among the industry leaders who participated in Altisource’s Mortgage Industry Pandemic Summit.
Read More »Increase in Jobless Claims Leading to ‘Unknown Territory’
Despite programs to assist homeowners impacted by COVID-19, an economist said there will be an “extended period” of rising defaults.
Read More »Despite Rise in Default Rates, Credit Outlook Still Positive
Consumer credit defaults as well as mortgage defaults are up from reported rates in May but still remain within a few basis points of the lowest levels seen in 12 years.
Read More »S&P and Experian Data Shows Default Rates Hit New Lows in May
Recently released data from S&P Dow Jones Indices and Experian shows that default rates across the country and across the financial spectrum aren’t just on a steady decline, they hit new lows in May. According to the S&P/Experian Consumer Credit Default Indices, four of the five cities the companies studied through May reported declines in default rates for the second straight month.
Read More »Default Rates Decline Again in May
The national default rate declined again from the previous month, according to data through May 2014 released by the S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The indices offer a comprehensive measure of changes in consumer credit defaults.
Read More »Default Rates Decline in April to Lowest Post-Recession Rate
Data through April 2014 showed a decline in the national default rate from March, according to S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The indices are a comprehensive measure of changes in consumer credit defaults, released monthly. The national composite default rate recorded its lowest post-recession figure of 1.11 percent in April.
Read More »Credit Default Rates Decrease in January
In a report released Tuesday by S&P Dow Jones Indices and Experian, data from the S&P/Experian Consumer Credit Default Indices revealed a decline in default rates during the month of January. The Indices are a comprehensive measure of changes in consumer credit defaults. The Indices are calculated based on data extracted from Experian's consumer credit database.
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