Loading...

Which credit score tiers have the highest incidence of strategic default?

April 16, 2012 by josephine.munis

A recent Experian study showed that strategic defaults accounted for 23 percent of all mortgage defaults 60 days past due or greater in Q4 2011. Other findings included the following:

  • Prime and super-prime consumers (VantageScore® A and B tiers) have the highest incidence of strategic default
  • Average outstanding mortgage balances for strategic defaulters are nearly 36 percent higher than their nonstrategic default counterparts.

Listen to our recorded Webinar for a detailed look at the current state of strategic default in mortgage and an update on consumer credit trends.

Source: Experian-Oliver Wyman Market Intelligence Reports and strategic default studies.

VantageScore® is owned by VantageScore Solutions, LLC.

Related Posts

View our digital lending trends report for a full analysis on origination volume trends, delinquency trends, and consumer behavior insights. Read more!

June 1, 2023 by Laura Davis

With the right technologies and solutions, rental housing operators can manage risk and create better experiences for prospective renters.

February 9, 2023 by Manjit Sohal

Matthew Baltzer, Senior Director of Product Marketing, discusses challenges facing the debt collections industry and how to build a profitable portfolio.

November 30, 2022 by Laura Burrows