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Mortgage delinquenices in 4th quarter 2008 are highest for the year

By: Dennis Norman

Dennis Norman This past week the Office of the Comptroller of the Currency and the Office of Thrift Supervision  issued a joint report on mortgage performance for 4th quarter 2008. The report shows the percentage of performing mortgages for the 4th quarter of 2008 had dropped to 89.95% down from 93.33% at [...]

Foreclosure rate drops; Re-default rate soars…

By: Dennis Norman

 

The Office of the Comptroller of the Currency and the Office of Thrift Supervision issed a report on mortgage performance which showed an increase in delinquencies, foreclosures in process, and other actions leading to home forfeiture but offered a little ray of light with a drop in “newly initiated” foreclosures by [...]