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The percentage of seriously delinquent mortgages hit a 3-year low of 4.4% in Q2, according to...
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Thursday, September 27, 2012, 1:15 PM ETThe percentage of seriously delinquent mortgages hit a 3-year low of 4.4% in Q2, according to the OCC, using data covering about 60% of all first-lien mortgages in the country. If improvement continues, the winners may not be the banks, but instead the companies buying the banks' mortgage servicing assets on the cheap.
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This news story has 4 comments:
I got long NCT for this reason.
became more prominent in my portfolio as well.
Let's see if our deductions work in our favour.
I could use the boost.
snow