Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the people and ideas that will inspire you and take your business to new heights. Register today and save $100 with code Readers. Takeaways: The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed increases in first-mortgage and second-mortgage default rates in June. The first-mortgage default rate of 0.8 percent in June was up six basis points from its historical low in May. The indices noted that three major cities continued their downward trend and reported negative month-over-month default rates in June: Los Angeles, New York and Dallas. Mortgage default rates are seeing a slight uptick despite recent improvements in housing starts, but this news should not be a major cause of concern, according to data released last week by S&P Dow Jones Indices LL...
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