US DATA: Oct S&P/Experian Consumer Credit Default Indices show most loan types
saw an increase in default rates. “After nine consecutive months of declining
default rates, the national composite increased to 1.55% in October from 1.46%
September rate. The first mortgage default rate increased from 1.36% in
September to 1.47% in October. Auto loan and second mortgage default rates moved
up from 1.11% and 0.64% in September to 1.14% and 0.65% respectively in October.
Bank card default rates fell slightly to 3.68% in October from 3.70% in
September.”
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US DATA: Oct S&P/Experian Consumer Credit Default….
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