Default rates continue to decline as pandemic-related financial distress across the country continues to ease for homeowners.
Read More »First Mortgage Default Rates Slide in April
The economy is making progress and mortgage default rates are improving as an increasing number of homeowners exit forbearance plans.
Read More »Consumer Credit Default Rates Paint Mixed Picture
Mortgage default rates were down while bank card default rates were up in March. What does this reveal about consumer behavior patterns?
Read More »Mortgage Defaults: New Year, Same Old Rates
The default rate on first mortgages stayed flat in January following three consecutive months of increases. But how is consumer credit doing overall to kick off the new year?
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 »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 »Mortgage Default Indices Continue Falling to Historic Lows
The composite index declined by nine basis points from April to May, down to 0.88 percent, a historic low for the second consecutive month. The first mortgage default rate also posted a decline of nine basis points from April to May down to 0.74 percent, also a historic low. The second mortgage default rate fell by one basis point for the same period, down to a historic low of 0.42 percent.
Read More »Composite and Mortgage Default Indices Fall to Historic Lows
April's composite default index fell by eight basis points from March down to a historical low of 0.97 percent, its lowest level since July 2014. The composite index had just fallen from 1.12 to 1.05 from February to March, its first month-over-month decline in eight months.
Read More »Mortgage Default Rate Declines For First Time in Seven Months
According to February's first mortgage default index, the rate ticked downward to 1.00 percent in February from 1.02 percent in January after seven months of increases since falling to its lowest level of 0.88 in July 2014. February's first mortgage default rate represents a decline of 23 basis points from February 2014 (1.23 percent). The rate recently experienced its largest increase in the previous 15 months (five basis points) from November to December 2014.
Read More »Indices Report Monthly Increases for Mortgage Default Rates
Default rates are on the rise month-over-month for both first and second mortgages nationwide, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for December 2014 released Wednesday. According to the data, the first mortgage default rate experienced its biggest monthly increase since September 2013, rising by five basis points from 0.97 percent in November up to 1.02 percent for December.
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