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Home » Store » News » Early 2009 Data Show Little Improvement in Loan Performance, More Doubt About Loan Mods

Early 2009 Data Show Little Improvement in Loan Performance, More Doubt About Loan Mods

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Mortgage servicing data from a number of sources point toward further increases in serious delinquency rates in early 2009 and mixed results from the industry’s intensifying efforts to help out distressed borrowers. The overall delinquency rate – excluding loans in foreclosure – edged slightly lower to 8.37 percent in February, according to Lender Processing Services, which says over half...
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