A recently released study by TransUnion reported that approximately $50 billion to $79 billion in outstanding Home Equity Lines of Credit (HELOC) balances reported at the end of 2013 could be a high risk to default in the next few years.
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A report released Tuesday by S&P Dow Jones Indices and Experian showed a decline in default rates among five of the largest cities in the nation to historically low levels.
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Data through March 2014 found that national credit default rates declined for the month, according to the S&P/Experian Consumer Credit Default Indices. All five national indices (composite, first mortgage, second mortgage, bank card, and auto loans) showed a decline for the second consecutive month.
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