Agencies’ Metrics Report Indicate Slowdown in Foreclosures in 2Q09 Due to Trial Modifications
October 8, 2009
Despite continuing economic weakness and rising mortgage delinquencies, “home retention actions” increased significantly in the second quarter as servicers put more effort into helping homeowners avoid foreclosure, a new federal analysis of loan performance data showed. According to the Office of the Comptroller of the Currency and Office of Thrift Supervision Metrics Report for...