Consumer credit defaults rose to their highest level in nine months, S&P says, in a reversal...

|By:, SA News Editor
Consumer credit defaults rose to their highest level in nine months, S&P says, in a reversal of a two-year downward trend. First mortgage default rates moved slightly higher to 2.19%; auto loan delinquencies rose 10 bps to 1.27%. Of all lending tracked, only bank card default rates improved, down 31 bps to 4.60% in December.