NEWS FLASH

Seriously Delinquent Mortgages Rise For First Time Since 2009 | Providing yet another sign that the housing crisis is far from over, the Office of the Comptroller of the Currency announced today that seriously delinquent mortgages — those where the homeowner is more than 60 days late with payments — increased for the first time since the fourth quarter of 2009. As HousingWire noted, mortgage servicers “completed 121,202 foreclosures in the second quarter [of this year], up 1.2% from the previous period.”