US DATA: OCC/OTS says “performance of first-lien mortgages serviced
by large national banks and federal thrifts improved during Q1; report
showed that 88.6 percent of the 32.7 million loans in the portfolio were
current and performing at the end of the first quarter of 2011. While
delinquencies and foreclosures remained elevated from historic norms,
delinquencies improved across all risk categories and for all investors.
Mortgages that were 30-59 days delinquent fell to 2.6 percent of the
portfolio, the lowest level in three years. Mortgages more than 60 days
past due and delinquent loans to bankrupt borrowers declined for the
fifth consecutive quarter to 4.8 percent of the portfolio, the lowest
level since the first quarter of 2009.”