DSNews BY: Colin Robins February 19, 2014
The Indices are a comprehensive measure of changes in consumer credit defaults. The Indices are calculated based on data extracted from Experian’s consumer credit database.
The national composite rate in January, 2014, was 1.34 percent, down marginally from the December rate of 1.35 percent.
“The severe weather conditions afflicting the country impacted economic activity,” said David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Dow Jones Indices.
The default rate for first mortgages was 1.26 percent, slightly down from 1.27 percent in the previous month. The default rate for second mortgages was posted at .72 percent for January, down .76 percent from December.
The report noted, “Overall economic activity is still subpar. Against this background, consumer default rates have stabilized at levels similar to those seen before the financial crisis.”