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Mortgage Payments Weighing You Down? Looking For a Fresh 2012 Start? It's Not To Late! - 12/27/11 07:24 PM

Did You Know That:
Mortgage delinquencies stabilized in the third quarter, though new foreclosures jumped 21.1% from last quarter according to the Office of the Comptroller of the Currency.
Foreclosures in process made up about 4.1%, or 1.3 million loans, of the overall mortgage portfolio measured by the OCC. That's up 0.5% from the second quarter and 7.6% from a year earlier.
First-lien mortgages current and performing changed little in the third quarter, down 0.1 percentage points to 88% of all loans in the OCC portfolio. Those loans made up about 87.5% of the portfolio a year ago.
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Jennifer Ricco Realtor | CDPE | PSC | Retired LAPD

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