New report delivers bad (and good) news on mortgages Posted by: admin in mortgage industry The Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) issued their second OCC and OTS Mortgage Metrics Report on mortgage performance on December 22. As expected the number of delinquencies and foreclosures in process continued to rise. The number of newly initiated foreclosures, however, declined by 2.6 percent to 281,298 in the third quarter of 2008. The for
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Tuesday, March 24, 2009
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