By: Dennis Norman
Today the Office of the Comptroller of the Currency (OCC) and the Office of the Thrift Supervision (OTS) released their mortgage metrics report for 1st quarter 2009.
The report shows foreclosures continued to increase during the first quarter of this year. However the report also shows a significant increase in short-sales which I discussed yesterday in a post.
Below are some stats from the report: Read more…
Dennis Norman
By: Dennis Norman
Today the Office of the Comptroller of the Currency (OCC) and the Office of the Thrift Supervision (OTS) released their mortgage metrics report for 1st quarter 2009. The report covers the performance of 34 million home loans in the US.
The report shows that delinquencies and foreclosures continue to increase during the first quarter of this year. However the report also shows that lenders are greatly increasing the number of loan modifications they are doing for borrowers in an effort to curb foreclosures. As you review the stats it is worth noting that the loan modifications reported happened before the “Making Home Affordable” program which was implemented after this period and should increase the number of modifications in the future.
Below are some stats from the report: Read more…
By: Dennis Norman
The Office of the Comptroller of the Currency and the Office of Thrift Supervision issed a report on mortgage performance which showed an increase in delinquencies, foreclosures in process, and other actions leading to home forfeiture but offered a little ray of light with a drop in “newly initiated” foreclosures by 2.6% from the second quarter to third quarter of 2008.
The report shows banks and thrifts are definitely working with borrowers trying to keep them in their homes Read more…
By: Dennis Norman
The Office of the Comptroller of the Currency and the Office of Thrift Supervision issed a report on mortgage performance which showed an increase in delinquencies, foreclosures in process, and other actions leading to home forfeiture but offered a little ray of light with a drop in “newly initiated” foreclosures by 2.6% from the second quarter to third quarter of 2008.
The report shows banks and thrifts are definitely working with borrowers trying to keep them in their homes Read more…
