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Real Estate & Property Law

: Housing Wire

Mortgages Keep Falling Behind in Q309

By JON PRIOR

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Overall mortgage performance continues to decline, but re-default rates on modified loans are improving, according to a report from the Office of the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS). The report provides performance data on 65% of all outstanding mortgages in the US, totaling 34m loans and $6trn in principal balances. The [...]

Full post as published by Housing Wire on December 21, 2009 (boomark / email).

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