Equifax Measures Mortgage Default Likelihood
admin2011-02-11T05:45:24-07:00February 11, 2011 (Chris Moore) Equifax has introduced a new method of calculating a borrower’s behavior and identify the likelihood of a mortgage default. It's a new metric called "default distance" and it measures the time lapse, in months, between when a borrower defaults on revolving debt, such as credit card or auto payments, and [...]