Tag Archives: Home Owners Get Better on Mortgage Payments

More home owners are finding their mortgages more manageable as fewer home owners default on their mortgage, according to Standard & Poor’s and Experian credit data. This marks the eighth consecutive month that the number of people defaulting on their mortgage has dropped. In fact, according to S&P and Experian, default rates are now meeting post-recession lows. The rate for first mortgage defaults was 1.4 percent in August compared to 1.92 percent a year ago. The default rate on second mortgages dropped 0.72 percent in August compared to July. The […]