Saturday, July 3, 2010

Strategic defaults remain high, but relief may be in sight

According to the new Experian–Oliver Wyman Market Intelligence Report, strategic defaults continued as a high percentage of all mortgage delinquencies at 19 percent in the second quarter of 2009. While, overall, the broad trends observed in the first Experian–Oliver Wyman Market Intelligence Report on Strategic Defaults have continued into 2009, there is reason to believe the phenomenon may have peaked, or be close to peaking.

Download the complete press release here:

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