TITLE

Experian: Strategic And Credit Defaults Are Both Down

AUTHOR(S)
Nemeroff, Evan
PUB. DATE
August 2011
SOURCE
Mortgage Servicing News;Aug2011, Vol. 15 Issue 8, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the market insight report from Experian which revealed that strategic and mortgage defaults in the biggest cities throughout the U.S. have fallen every quarter through 2010. The report indicated that mortgages that were 60 days delinquent continue to fall through the middle of 2010 since strategic defaults peaked in the first quarter of 2008. It showed that consumers with higher origination balances are more likely to strategically default.
ACCESSION #
63191811

 

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