Top Lending Stories
News
Defaults May Stay Above Pre-Bubble Level for Many Years
By Eileen CourterYou're probably seeing mortgage defaults drop, but it could be another five years before they return to the level of the 1990s.
CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
You're probably seeing mortgage defaults drop, but it could be another five years before they return to the level of the 1990s.