March 16, 2011 (Brian Moore) First mortgage defaults rates declined to 2.45 percent in February 2011, which was14.04 percent lower than January 2011 and 43.27 percent lower than February 2010 according to the Standard & Poor/Experian Consumer Credit Default Indices. Second mortgage defaults also experienced a decline to 1.46 percent, which was 3.41 percent lower [...]
March 2, 2011 (Chris Moore) The National Association of Realtors (NAR) reports that pending home sales declined in January for the second month in a row. NAR’s Pending Home Sales Index declined 2.8 percent to 89.9 from a downwardly adjusted 91.5 in December on a scale where 100 reflects home sales in 2001. The figure [...]
February 21, 2011 (Jeff Alan) Standard & Poor’s and Experian released their S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed a decline in monthly default rates across all credit lines. First mortgage defaults fell to 2.84% and second mortgages, with a monthly decline of over 13%, fell to [...]
December 24, 2010 (Jeff Alan) Standard & Poor's/Experian Consumer Credit Default report for December, released on Tuesday, showed a rise in monthly default rates for first and second mortgages to 3.05% and 1.80% in November 2010. It was the first time since December 2009 that the index has risen, although the year-over-year decline is 38.84 [...]
