Category Archives: Mortgage Markets

Debt De-Leveraging, Housing and the Recovery

Most houses are bought with mortgages and interest rates and the availability of mortgage money are key issues for the hoped-for housing recovery.  But the links among debts, housing and the economy run much deeper.  Debt levels and especially a surge in household debt, such as experienced with mortgages beginning in 2000, played a big […]

First and second mortgage default rates fall again in February 2012

On March 20th, S&P Indices and Experian released February data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. The data showed a decline in the composite index, led by a six basis point drop in first mortgage default rates. Second mortgage and bank card default rates fell by even more […]

U.S. Home Mortgage Delinquencies Fell In Fourth-Quarter 2011

U.S. residential mortgage delinquencies and new foreclosures started in fourth-quarter 2011 declined modestly from the previous quarter and from the levels of a year ago. The percent of mortgages in foreclosure remained elevated but nearly flat from the third quarter.  We expect a slight drop in delinquencies in first-quarter 2012. Click below to watch me […]

After four consecutive increases, first mortgage default rates fall in January 2012

On February 21st, S&P Indices and Experian released January data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. The data showed a decline in the composite index, led by an 11 basis point drop in first mortgage default rates. Second mortgage and bank card default rates also moved down; while […]

U.S. home mortgage delinquencies fell, but foreclosures remained flat in fourth-quarter 2011

The percentage of U.S. residential mortgage delinquencies and new foreclosures started in the fourth quarter of 2011 declined modestly from the previous quarter, as well as from the levels a year ago. At the same time, the overall percent of mortgages in foreclosure remained elevated but nearly flat from the third quarter, according to the […]

First mortgage default rates lead November increase in the national composite

On December 20, S&P Indices and Experian released November data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage and bank card default rates. Auto loan and second mortgages saw drops in their default […]

Second consecutive increase in first mortgage default rates

On November 15, S&P Indices and Experian released October data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage default rates. Auto loan, second mortgages and especially bank cards all saw pretty significant drops […]

More on the Mortgage Refi Program

Last week the White House announced a program to help home owners who are current on their mortgages refinance their loans even if they are under water.  There are some limitations, in particular this applies to mortgages owned by or insured by Fannie Mae or Freddie Mac.   The program is beginning to generate some commentary […]

Housing Starts Surprise… But Don’t Get Too Excited

September Housing Starts were 658,000 units at annual rates, up 15% from the revised August figure of 418,000 and 10.2% higher than September 2010’s rate of 597,000.  On top of those numbers, the report beat most economists’ expectations by about 10%.  As encouraging as all this sounds, most of the gains were in apartments which […]

Consumer credit default rates up in September

S&P Indices and Experian today released September data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults; and the data showed increases in default rates across most consumer credit lines. First mortgage default rates rose from 1.92% in August to 1.99% in September and second mortgage default rates rose from […]

  • Categories

  • Recent Comments

  • Tags