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Mortgage defaults down in April (access required)

Credit defaults are at their lowest levels since June 2006, according to a new report released by S&P Dow Jones Indices and Experian, the credit reporting business. In April, the average national credit default rate on all loans was 1.11 percent, down from 1.20 percent in March and 1.42 percent in April 2013. The mortgage default rate ...

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