Tag Archives: Mortgage Performance

Amid larger macroeconomic uncertainties, the total homeownership rate can be attributed to the strong growth in the below-median income homeownership rate, which has sharply increased since 2016.

Click through to learn what an OCC report on mortgage performance data of some of the largest banks in the U.S. revealed about the state of mortgage loans.

Delinquencies saw a reversal from last month’s performance, according to Wednesday’s mortgage performance report. Prepayments, which can be a good indicator of refinance activity, hit a record high. Take a look at the top and bottom performers in mortgage performance for May 2017.

According to the OCC, in increase in the number of current and performing mortgages combined with declining foreclosure activity resulted in a healthy servicing market in Q1.

As overall first-lien mortgage performance improves with more borrowers maintaining their monthly payments, the need for other loss mitigation actions is dissipating.