S&P Indices and Experian Capital Markets reports that bank-card and second-mortgage defaults rose in April for the first time in at least five months. Bank-card defaults climbed from 5.59% in March to 5.91% last month, while second-mortgage defaults grew from 1.42% to 1.51%. First mortgages fell from 2.33% to 2.16% and auto loans slipped slightly.
