Loading...

First mortgage default rate drives increase in national credit default rate

January 21, 2013 by admin

The December release of the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed the national composite* increased for the second consecutive month, reaching 1.64 percent in November. The first mortgage default rate also continued its increase, moving from 1.47 percent in October to 1.58 percent in November. All other loan types – auto loans, bankcard and second mortgage – posted decreases in their default rates in November.

Learn how to stay ahead of consumer credit trends with IntelliViewSM, a Web-based query, analysis and reporting tool. IntelliView was used to compile the list of the 10 states with the highest average bankcard balance.

Source: S&P/Experian Consumer Credit Default Indices press release

*The national composite is the overall consumer default rate across all products.

Related Posts

2017 is expected to bring some big changes. But what do those changes mean for the financial services space? Here are 3 trends and twists Experian expects to occur over the next 12 months:

January 25, 2017 by Guest Contributor

Subprime credit card limits highest in 5 years — to the tune of $6.4 billion Credit Cornerstone

September 22, 2016 by Guest Contributor

The first six months of 2016 has shown that the total credit card limits among the subprime and deep...

September 7, 2016 by Matt Tatham

Subscription title for insights blog

Description for the insights blog here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Categories title

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Subscription title 2

Description here
Subscribe Now

Text legacy

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source.

recent post

Learn More Image