S&P/Experian: Mortgage default rates increase two months straight

In August the auto loan default rate was up nine basis points to 0.98 percent, and the first mortgage default rate increased seven basis points to 0.69 percent, according to S&P Dow Jones/Experian. S&P/Experian Consumer Credit Default Indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite.

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Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET. They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.

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The US credit card default rate reached 3.21 per cent in January – the highest level since July 2013, according to S&P/Experian figures. which is correlated with mortgage borrowing costs, fell to 2.

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Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, show the monthly default rates declined for second mortgages to 2.4% after last months rise to 2.8%. First mortgage and bank card loans declined from July to 3.2% and 7.9% respectively.

The AG managed to freeze both firm.S&P/Experian: Mortgage default rates increase two months straight Mortgage Rates Near 2-Month Lows After Jobs Report apr 6 2018, 4:49PM Mortgage rates moved back down to yesterday’s levels after a much weaker read on job creation from the Labor Department.Ocwen is the biggest loser on the HW 30 But the same good news did not give Ocwen a boost.