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Tag Archives: relief

OCC Reports Improvement in Q1 Mortgage Performance

Overall mortgage performance was on the upswing in the first quarter of 2023, as the OCC reported banks serviced approximately 12 million first-lien residential mortgage loans with $2.7 trillion in unpaid principal balances—representing 22% of all residential mortgage debt outstanding nationwide.

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After Hurricane Michael’s Landfall …

hurricane storm surge

The U.S. Department of Housing and Urban Development announced disaster assistance for homeowners affected by the category 4 storm that hit the Florida coast on Wednesday. Here’s a breakdown of the estimated property damage.

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What’s Impacting Default Rates?

residential segregation in housing

The mortgage default rate rose just slightly, staying relatively strong in August even with the impact form natural disasters. See what factors are keeping defaults down.

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