Tag Archives: S&P Experian Consumer Credit Default Indices

Data through August 2016, recently released by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, showed small increases in numerous default rates.

The national credit picture took an upturn in May, as mortgage and consumer credit default rates ebbed from April numbers.

The composite consumer credit default rate fell to a new post-recession low in April. How are consumers' attitudes changing toward their debt, particularly long-term debt such as mortgages?

The default rate on first mortgages has been climbing recently. Is a trend forming, or is it the result of seasonal fluctuations?

October’s increases for the mortgage default rates followed a September which showed declines of eight basis points (down to 0.76 percent) for the first mortgage default rate and 10 basis points (down to 0.47 percent) for the second mortgage default rate.

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.

The default rates for both first and second mortgages held steady from June to July while the composite index dropped by one basis point after all three increased from May to June, according to S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for July 2015 released Tuesday.

The composite index, which includes first and second mortgage defaults as well as those on bank cards and auto loans, fell from 1.12 percent in February down to 1.05 percent in March. The first mortgage default rate declined for the second straight month, falling eight basis points down to 0.92 percent.