16.2% increase in Foreclosures from 1st Q to 2nd Q, See the OCC and OTC Mortgage Metrics Report here!

{ Posted on 2:54 PM by JR Erickson }
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16.2% rise in foreclosures from 1st quarter to 2nd quarter 2009.  Loan modification, Loss mitigation actions are on the rise.  There has been a rise in Principal reduction mods from 3% to 10% in the second Quarter.  The percentage of prime loans that was seriously delinquent totaled 3.0 percent, a 10.5 percent increase from the previous quarter and a 13% increase from a year ago.  Take a look at this report, its in pdf format, make sure you click the download button under the preview iPaper screen.  Leave a comment, or send me and email to me at jeremy@jrerickson.com



Jeremy Erickson
(208) 991-3606 direct
(208) 379-5717 fax

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