First-mortgage default rate sees uptick in December
The default rate of first and second lien mortgages edged up in December, according to data from S&P Dow Jones Indices and Experian. The latest S&P/Experian Consumer Credit Default Indices show that the first mortgage default rate was up slightly from 0.28% to 0.29% in December. The bank card default rate also saw a month-over-month … [Read more…]