The 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.
The percentage of seriously delinquent mortgages hit a 3-year low of 4.4% in Q2, according to...
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