Mortgage Default Rates Hit Post-Recession Lows in June

July 17, 2013  
mortgage lending news

Americans are defaulting on their mortgages at the lowest pace since the recession, based on the S&P/Experian Consumer Credit Default Indices. According to the data, the default rate for first mortgages dropped to 1.23 percent last month from 1.31 percent in May; while defaults on second mortgages slipped to 0.54 percent -- a historic low -- from 0.60 percent over the same period.
Web Link

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.