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Loss Mitigation

Q2 First-Lien Mortgage Performance Improves YoY

Despite rising prices and speculation about looming recession, the Office of the Comptroller of the Currency reports that the performance of first-lien mortgages held by the federal banking system improved throughout the course of Q2 2022.

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U.S. Mortgage Delinquencies Continue to Decline

foreclosure

For the 16th consecutive month, mortgage delinquencies slid month-over-month in July, however continued inflationary concerns by homeowners is proving increasingly difficult for them to make their monthly mortgage payment.

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