Foreclosures, Delinquencies Rise in First Quarter, Modifications Also Up

摘要

Home mortgage foreclosures and delinquencies continued to increase during the first quarter, according to the quarterly mortgage metrics report from the Office of the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS), but servicers are also modifying more loans and reducing payments more frequently.rn"While I'm very concerned about the rise in delinquent mortgages and foreclosure actions, the shift in emphasis in servicers to more sustainable payment-reducing modifications is a positive step that should show significant benefits in the coming months," said Comptroller of the Currency John C. Dugan.