| Jun 19, 2012 11:50AM Default rates fell in May for all types of loans tracked by the S&P/Experian Credit Default Indices . For most loan types it was the fifth consecutive drop and four loan types posted their lowest rates since the end of the recession. The national composite default rate declined to 1.62 percent in May from 1.86 percent in April and the first mortgage rate was down to 1.50 percent from 1.76 percent. Second mortgage defaults were at 0.88 percent, compared to 0.93 percent and bank card defaults dropped... Jun 19, 2012 1:13PM Thanks to problems in Europe and the slowing of both the US and Chinese economies, consumer attitudes have plateaued after several months of improvement early in the year. Fannie Mae's Economic Forecast for June, released Tuesday, said that the lull in employment gains is particularly troubling and while the probability of a renewed recession has not risen, the risks to growth have shifted to the side of slower growth. Prospects for economic growth have been revised down to 1.9 percent annualized...
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