Experian Notes Declining Credit Default Rates

Hot news from AZ Home Help:

Posted To: MND NewsWire

Default rates for most types of consumer loans were down slightly in February compared to January and in every case were substantially below levels of February 2012. The composite S&P Experian National Consumer Credit Default Index was 1.55 percent in February, down from 1.63 percent in January and 2.09 percent in February of last year. Among the individual loan indices only second mortgage and auto loan defaults were higher in February than in the previous month and those moved up only marginally. Auto loans were at 1.11 percent compared to 1.10 percent in January and second mortgages rose two basis points to 71 percent. Second mortgages had a default index of 1.20 percent and auto loans 1.22 percent in February 2012. The first mortgage default rate fell from 1.58 percent in January to...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/03192013_delinquencies_defaults.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com