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Mortgage Metrics

FHA and HAMP Driving Down Nationwide Delinquencies and Foreclosures

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The February Mortgage Monitor report released by Lender Processing Services Inc. (LPS) found an increase in loan "cure" rates (those loans that were delinquent in the prior month and are now current). The majority of cures were on loans one-to-two months delinquent, with approximately 500,000 loans curing in February alone. As LPS Applied Analytics Senior Vice President Herb Blecher explained, these cures were not unusual, but rises seen in loans three-to-five months delinquent and foreclosure-initiated categories were unexpected.Click to continue

OCC and OTS release Mortgage Metrics Report

Stats/Copyright: Getty Images/Credit: Hemera Technologies

Performance on home mortgages serviced by the largest national banks and federally regulated thrifts improved earlier this year for the first time in more than two years, according to a report released by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS).Click to continue