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® credit score 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.
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