Volume 28 - Number 45
November 25, 2011
Downloads Available: Large Mortgage Servicer Delinquency Rates/ IMF Large Servicer Delinquency Index - 3Q11
Delinquency Rates Edge Higher in Third Quarter; Serious Delinquencies Up in FHA/VA Programs
Most major mortgage servicers reported slight increases in the number of loans in distress during the third quarter of 2011, according to the Inside Mortgage Finance Large Servicer Delinquency Index. Servicers handling over $7 trillion in mortgage loans reported a combined 10.70 percent delinquency/foreclosure rate as of the end of September. That was up 12 basis points from the previous quarter. Of the 17 servicers included in the index, only six reported improved mortgage performance data compared to June. The problem was focused squarely on more...(Includes two data charts)
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