S&P: 2nd Mortgage Defaults At 7-Year Low
Mortgage News Daily — “Default rates fell in May for all types of loans tracked by the S&P/Experian Credit Default Indices. For most loan types it was the fifth consecutive drop and four loan types posted their lowest rates since the end of the recession. The national composite default rate declined to 1.62 percent in [...]
Mortgage News Daily — “Default rates fell in May for all types of loans tracked by the S&P/Experian Credit Default Indices. For most loan types it was the fifth consecutive drop and four loan types posted their lowest rates since the end of the recession.
The national composite default rate declined to 1.62 percent in May from 1.86 percent in April and the first mortgage rate was down to 1.50 percent from 1.76 percent. Second mortgage defaults were at 0.88 percent, compared to 0.93 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards