Credit Cornerstone Weekly Credit Trends and Data Intelligence
Super–prime consumers are more likely to undergo strategic default
September 16, 2010


In a recent study released by Experian and Oliver Wyman, 28 percent of super–prime delinquents (VantageScore® of 901 to 990) became strategic defaulters. This rate is 50 percent higher than in the overall delinquent population. A strategic defaulter is defined as a consumer who makes a decision to stop making payments on a mortgage debt for six months after the initial delinquency despite having the financial ability to continue making payments according to the loan term.

Source: VantageScore July 2010 News Release


Download the more detailed study, Understanding Strategic Default In Mortgages: Q2 2010 update.

VantageScore® is owned by VantageScore Solutions, LLC.

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