Bankcard and mortgage default rates hit new lows

• October 7th, 2012
• Posted in Bankcard

Tweet The August 2012 edition of the S&P/Experian Consumer Credit Default Indices showed that bankcard, first-mortgage and second-mortgage default rates hit new post recession lows. The first mortgage default rate decreased slightly, from 1.41 percent in July to 1.40 percent in August, and has been down or flat for eight consecutive months. The second-mortgage default [...][ READ MORE ]