Posts Tagged “Ots”

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McClatchy Washington Bureau

Modified Loans Quick to Re-Default, Overall Mortgage Performance DeclinesJournal of AccountancyThe OCC and OTS Mortgage Metrics Report, Third Quarter 2009 includes data from reporting institutions servicing about 34 million first-lien mortgage loans, …OTS and OCC Report Another Uptick in Mortgage Delinquencies, But… MortgageNewsDaily.comOnly 24% of Eligible Getting Mortgage Modifications eCreditDaily.comMortgages Keep Falling Behind in Q309 Housing Wire creditfyi.com  - Fresno Bee  - Las Vegas Sunall 48 news articles »

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webmaster@technorati.com wrote an interesting post today on
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Merced Sun-Star

OTS and OCC Report Another Uptick in Mortgage Delinquencies, But…MortgageNewsDaily.comBecause of this time requirement and the age of the program, only 781 loans had been permanently modified under HAMP by the end of the third quarter. …Only 24% of Eligible Getting Mortgage Modifications eCreditDaily.comMortgages Keep Falling Behind in Q309 Housing WireMortgage Modification Program Continues to Grow creditfyi.com Fresno Bee  - Las Vegas Sun  - MiamiHerald.comall 47 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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Two of the main banking regulators, the OCC and the OTS, jointly released data on mortgage performance in the second quarter today, and the news was not good. The report covers 34 million individual first mortgages totaling about $6 Trillion. All types of delinquencies were up, but most distressing was the information about serious delinquencies, or mortgages that are more than 60 days past due. They reached 5.3% of all mortgages, up from 4.7% in the first quarter, an increase of 11.5%. Forecl

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News Sources wrote an interesting post today on
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Efforts to keep more Americans in their homes increased nearly 22 percent during the second quarter, but delinquencies increased and re-default rates continue to run very high, according to the OCC and OTS Mortgage Metrics Report. Loan servicers implemented nearly 440,000 new “home retention actions” during the quarter, up about 75 percent since the first quarter [...]

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