The S&P/Experian second mortgage default index stood at 0.39 as of May 2022, meaning that based on data from the most recent three months, the annualized share of default second mortgages and home equity loans was 0.39 percent. This was higher than the first mortgage default rate for the same period. Although the index rose in 2022, it remained below the levels observed in December 2017, when it spiked at 1.22 percent.
S&P/Experian second mortgage default rate index in the United States from April 2012 to May 2022
Characteristic
Mortgage default rate index
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S&P Global Ratings. (June 16, 2022). S&P/Experian second mortgage default rate index in the United States from April 2012 to May 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1320405/us-second-mortgage-default-rate-index/
S&P Global Ratings. "S&P/Experian second mortgage default rate index in the United States from April 2012 to May 2022." Chart. June 16, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1320405/us-second-mortgage-default-rate-index/
S&P Global Ratings. (2022). S&P/Experian second mortgage default rate index in the United States from April 2012 to May 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1320405/us-second-mortgage-default-rate-index/
S&P Global Ratings. "S&p/Experian Second Mortgage Default Rate Index in The United States from April 2012 to May 2022." Statista, Statista Inc., 16 Jun 2022, https://www.statista.com/statistics/1320405/us-second-mortgage-default-rate-index/
S&P Global Ratings, S&P/Experian second mortgage default rate index in the United States from April 2012 to May 2022 Statista, https://www.statista.com/statistics/1320405/us-second-mortgage-default-rate-index/ (last visited July 22, 2024)
S&P/Experian second mortgage default rate index in the United States from April 2012 to May 2022 [Graph], S&P Global Ratings, June 16, 2022. [Online]. Available: https://www.statista.com/statistics/1320405/us-second-mortgage-default-rate-index/