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