Tag Archives: Private-market mortgage delinquencies reverse course and increase

Most loan types increased in default rates during October, with a surge in first mortgage default rates, according to S&P Dow Jones/Experian Consumer Credit Default Indices. The national composite increased to 1.55% in October, the first time in nine consecutive months, compared to 1.46% from September. The first mortgage default rate increased 1.47% compared to 1.36% from the previous month. Second mortgage default rates also rose to .65% compared to .64% last month. “The second mortgage is marginally up by 1 basis point from its September rate of 0.64%, the lowest rate […]