• Ocwen25.38-0.12 -0.47%
  • Zillow113.89+0.94 +0.83%
  • Trulia48.17+0.56 +1.18%
  • NationStar33.34+0.05 +0.15%
  • CoreLogic26.805+0.065 +0.24%
  • RE/MAX29.86-0.06 -0.20%
  • Fannie Mae1.49-0.21 -12.35%
  • Freddie Mac1.49-0.39 -20.74%
  • Wells Fargo51.31+0.05 +0.10%
  • CitiMortgage51.115+0.015 +0.03%
  • Bank of America16.92+0.10 +0.59%
  • Fidelity National Financial27.50-0.06 -0.22%
  • First American27.02+0.15 +0.56%
  • AUDUSD=X0.8775N/A N/A
  • USDJPY=X108.625N/A N/A
  • WP Stock Ticker
Home | News | Foreclosure

OCC: Loan Mods Lowered Monthly Payments for 91 Percent of Borrowers


More than 91 percent of borrowers nationwide who received mortgage loan modifications in the second quarter of 2014 had their monthly principal and interest payments reduced, while 56.1 percent of borrowers lowered their monthly payments by 20 percent or more, according to a report released earlier this week by the Office of the Comptroller of the Currency (OCC) regarding first-lien mortgages at large national and federal savings banks.

Read More »

OCC: Mortgage Performance Up, Foreclosures Down


The Office of the Comptroller of the Currency (OCC) reported that 92.9 percent of mortgages nationwide were performing as of the end of June, according to the OCC Mortgage Metrics Report, Second Quarter 2014. The number of performing mortgages increased slightly from Q2 2013, when 90.6 percent of mortgages were reported as performing.

Read More »

Report: GSEs Prevented 80,000 Foreclosures in Q2


Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention for Q2 2014 released on September 24.

Read More »
Scroll To Top