Posts Tagged “Office Of The Comptroller”

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New York Daily News

One of Five Modified Loans Fails in 90 DaysUPI.comThat’s the good and bad news from the latest Mortgage Metrics Report from the Office of the Comptroller of the Currency and the Office of Thrift Supervision …More prime mortgages default in 3rd quarter Los Angeles TimesRedefault Rate Decreases for Restructured Mortgages Wall Street JournalHome mortgage foreclosures rise in third quarter Christian Science Monitor Daily Finance  - Mail Tribune  - Waterbury Republican Americanall 212 news articles »

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News Sources wrote an interesting post today on
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The Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervison’s (OTS) Mortgage Metric Report for the second quarter of 2009 has been released (rather quietly might we add), and while many aspects of the report were widely expected, there was one new inclusion that particularly caught our attention. In early September we warned that the pending resets of interest-only adjustable-rate mortages (ARMs) posed a significant threat to the long-term recovery of the hous

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News Sources wrote an interesting post today on
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It ended up being a late night for me last night and I wasn’t up to commenting much on the latest Mortgage Metrics Report from the Office of the Comptroller of the Currency. I thought however that the following two charts spoke volumes about loan modifications, so I thought I’d let them speak for themselves: [ Thanks L! ] Just off hand I’d say that for the most part, loan mods aren’t working out. What do you think?

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News Sources wrote an interesting post today on
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Lenders modifying a home loan to make it more affordable reduced the amount owed 10 percent of the time in the three months ended in June. While that may not sound like much, it’s more than triple the 3 percent rate in the first quarter, according to a report released today by bank regulators the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Debt forgiveness has been rare. Experts say that’s because a bank that forgives debt loses money, is forced to record

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News Sources wrote an interesting post today on
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The Office of the Comptroller of the Currency and the Office of Thrift Supervision just put out the second quarter Mortgage Metrics Report [ pdf ] and — wait! wait! Don’t leave! There may be a house in it for you. Within three months, 27.7 percent of all modified mortgages were again delinquent. This continues the trend we saw last quarter (the first time OCC started tracking redefaults). The more loans you modify, the higher the percentage of redefaults you get. Understand: That doesn’

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