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OCC and OTS Mortgage Metrics Report

The office of the Controller of the Currency (OCC) and the Office of Thrift Supervision (OTC) released the mortgage metrics report based on Q4 2008 data.

The percentage of non performing notes increased to 10.05% from 6.66% between the first and last quarter 2008.

Re-default rates of Modified Loans approaches 60% after 6 months of the modification. Read Full Report

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    Posted by on Apr 23rd, 2009 and filed under Featured Articles, Foreclosures, Housing, Lending, Short Sales. You can follow any responses to this entry through the RSS 2.0. You can leave a response via following comment form or trackback to this entry from your site

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