Home shoppers may find relief in falling home prices, but to a much broader group of people, falling prices spell trouble.
Read More »Increase in Mortgage Defaults Are Not Indicative of Market Trouble
DS News speaks with David M. Blitzer, Managing Director & Chairman of the Index Committee at S&P Dow Jones Indices, to discuss the reasons behind the increase in the mortgage default rate and what this means for the market.
Read More »Mortgage Default Indices Continue Falling to Historic Lows
The composite index declined by nine basis points from April to May, down to 0.88 percent, a historic low for the second consecutive month. The first mortgage default rate also posted a decline of nine basis points from April to May down to 0.74 percent, also a historic low. The second mortgage default rate fell by one basis point for the same period, down to a historic low of 0.42 percent.
Read More »Indices Report Monthly Increases for Mortgage Default Rates
Default rates are on the rise month-over-month for both first and second mortgages nationwide, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for December 2014 released Wednesday. According to the data, the first mortgage default rate experienced its biggest monthly increase since September 2013, rising by five basis points from 0.97 percent in November up to 1.02 percent for December.
Read More »