First and second lien mortgage defaults both increased in August from July, according to the S&P/Experian Consumer Credit Default Indices.
By using a representative sample of loan level payment data sourced directly from lenders included in Experian’s consumer credit database, these indices are constructed to track the #default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second #mortgage lien.
Four of the five major cities saw their default rates increase in the month of August.
Are you behind or about to be behind in your mortgage payments?
Perhaps you have already received a foreclosure notice?
Trang and I are here to STOP a foreclosure on your home and help you START OVER – providing FREE financial coaching & in most cases comprehensive credit restoration, which would enable you to purchase another home, in just a few years. We offer REAL world solutions for folks behind on their mortgages.
Call or text me if you have any questions or want to learn about your options if your struggling to pay your mortgage.
972-643-8458 or www.StopStruggling.us