Items Tagged with 'S&P/Experian consumer credit default indices'

ARTICLES

  • Mortgage default rate falls to near record low in May

    Hits second lowest since July 2004
    Borrowers are going into default on their first mortgages less often than at nearly any point in the last 13 years, a new report from the S&P Dow Jones Indices and Experian showed. The default rate in May was just one basis point above May 2016’s level of 0.63%, which was the lowest that figure had been since July 2004.
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  • Homeowners keep getting better at paying their mortgage

    Loans in the process of foreclosure at lowest level since 2007
    Consumers are steadily getting better at paying their mortgage with fewer and fewer loans moving into the foreclosure process. Two recent reports showcase this trend: The National Delinquency Survey and the S&P/Experian Consumer Credit Default Indices report. Here’s how they rate the current state of the default market.
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  • More homeowners are paying their mortgages on time

    S&P/Experian: First mortgage default rate sinks to historical low
    Not only are consumer credit default rates below pre-crisis levels and trending down, but the first mortgage default rate dropped to a historical low. And according to David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, "The economy looks good."
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