I have a very interesting tidbit of analysis – Distress Rate Widens For High Dollar Loans…
Mike at Prosperous Land has been tracking various statistics including the distress rate.
Distress rates refer to loans that are late in any possible way, either 15 days, 1-3 months, 4+ months, or in default.
Here is generally what he had to say… Please go to his website to read the actual results.
While doing a regular update on my personal lending tables (interest rates to charge versus various credit criteria), I noticed that the distress rate penalty for high dollar loans (>= $10k) has increased dramatically in the last two months.
Very Interesting Mike. Thanks for sharing.
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1 comment so far ↓
Thanks for the nod!
The full post shows the increase in distress rates over the last two months.
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