Articles Tagged with ''Consumer Credit Default Indices''

Mortgage credit defaults remain close to pre-crisis levels

However, it’s expected to continue growing
The latest report by S&P Dow Jones Indices and Experian shows an uptick in mortgage credit default rates. The news, while showing that the rates are moving higher, isn’t a cause for alarm, according to the report, since rates are still near pre-crisis levels.
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Experian: More Americans miss monthly mortgage payment

Default rate posts largest increase since September 2013
Although credit default rates continued to edge higher for the month of December 2014, they are still down from a year ago. Looking at the top cities, Chicago, Dallas, New York and Los Angeles all reported default rate increases in December.
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S&P/Experian: First mortgage default rate continues upward trend

Still at historically low levels
"Despite the small increases in default rates, bank card and second mortgage default rates are currently at historical lows," said David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices. "Even with the increases, default rates are still much lower from their October 2013 rates."
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