Atlanta Real Estate Agent Shares About Trends in Default Mortgages versus Credit Card Debt
I stumbled upon an interesting news release by FICO – the company that establishes credit scores and evaluates risk for borrowers that they released in late February.
In short, they are finding that people who have high credit scores are still paying their credit card debt, but defaulting on their mortgages. Calling these defaults – Strategic Defaults, it is making the ability to establish risk more difficult in years past.
More interesting was the difference in default in the various regions of the country. Read the full article.
