Credit Cornerstone Weekly Credit Trends and Data Intelligence
Strategic defaults remain high, but relief may be in sight
September 30, 2010


According to updated findings from Experian and Oliver Wyman, strategic defaulters, who are defined as remaining delinquent for six months after the initial date of delinquency, continued to be a high percentage of all mortgage delinquencies at 19 percent in Q2 2009.

Data from the first half of 2009 may contain the first signs of a "break in the clouds." The report shows that the absolute number of strategic defaults for the first half of the year, 355,000, as well as first-time mortgage delinquencies in general, declined in successive quarters in 2009. This data suggests that they may have peaked in Q4 2008.

Source: Experian-Oliver Wyman Market Intelligence Reports


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

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