Mortgages Delinquencies and In-Process Foreclosures Jump

Lita Epstein
Updated
mortgages-delinquencies-jump-over-1-million-foreclosures-in-process
mortgages-delinquencies-jump-over-1-million-foreclosures-in-process

Americans' mortgage woes continued to get worse in the third quarter. Just 87.2% of U.S. mortgages were current in the third quarter, a decrease of 1.5% from the previous quarter, according to the OCC and OTS Mortgage Metrics Report released Monday. The Office of the Comptroller of the Currency and the Office of Thrift Supervision report covers 34 million loans totaling $6 trillion in principal balances, about 65% of the U.S. mortgage market.

Advertisement