Mortgage Press

Data through January 2012, released by Standard & Poor’s (S&P) Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults, has shown that most loan types saw a decrease in default rates during January. After four consecutive months of increasing default rates, the national composite declined to 2.16 percent in January 2012 from the 2.24 percent December rate, mostly driven by a decrease in the first mortgage default rates from 2.19 percent in December to 2.08 percent in January.Click to continue