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Tag Archives: Mortgage Loan Performance

Foreclosure Rates: Back to the Future

foreclosure and claim preclusion

A new report revealed that foreclosure rates are down to pre-crisis levels for the first time since the recession. Here is a look at other major performance metrics and their impact on the housing market.

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OCC Report Shows Improvement in First-Lien Mortgages for Q3

The OCC Mortgage Metrics Report, Third Quarter 2014, released Friday by the Office of the Comptroller of the Currency (OCC), showed improvement in the performance of first-lien mortgages serviced by seven national banks and one federal savings association. The report found that out of a portfolio totaling 23.6 million loans with a combined unpaid principal balance of about $4.0 billion (about 46 percent of residential mortgages in the U.S.), the percentage of current and performing mortgages increased both quarter-over-quarter (from 92.9 percent to 93.0 percent) and year-over-year (from 91.4 percent to 93.0 percent) in Q3.

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