US DATA: June S&P/Experian Consumer Credit Default Indices: “most
loan types saw a decrease in default rates. Four loan types posted
their lowest rates since the end of the 2007/2009 recession. Auto loan
default rates increased marginally in June, but May’s rate was the
lowest in its 8+ year history. First mortgage default rates decreased
from May’s 1.50% to June’s 1.41%. Second mortgage default rates
declined from 0.88% in May to 0.73% in June. Bank card default rates
dropped to 3.97% in June from May’s 4.35%. Auto loans default rates
rose marginally to 1.04% in June from its May rate of 1.03%.”