Delinquency and foreclosures on bank-serviced mortgages continued to show quarterly improvement, and the servicing portfolios of big banks continued to diminish.
On closed-end first-lien mortgages and home-equity loans serviced by banks, delinquency of at least 30 days, including foreclosures in process, was 4.6 percent as of the second-quarter 2017.
That was worse than 4.4 percent in the preceding three-month period. But the rate has improved from 5.3 percent during the same three months last year.
Source: Mortgage Daily
