OCC and OTS Mortgage Metrics Report
The office of the Controller of the Currency (OCC) and the Office of Thrift Supervision (OTC) released the mortgage metrics report based on Q4 2008 data. The percentage of non performing notes increased to 10.05% from 6.66% between the first and last quarter 2008. Re-default rates of Modified Loans approaches 60% after 6 months of [...]
