Default rate is Declining

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> S&P/Experian: Default Rates Decline Monthly and
Annually


Default rates on both first and second mortgages declined in July, according
to the S&P/Experian Consumer Credit Default Indices. Second mortgage
defaults decreased from 1.4 percent in June to 1.25 percent. The first
mortgage default rate for the month of July was 1.93 percent, down from 2.02
percent the previous month. Both measurements also declined from a year
earlier. S&P says July's data support the downward trend the company has
observed over the past two years.
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-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766