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Mortgage Performance Continues to Improve; Prepayment Numbers Rise

Friday, January 22, 2016

It was a year of significant improvement in the distressed home arena.  According to Black Knight Financial Services there was a 22 percent decrease in the national Foreclosure Inventory while the number of delinquent mortgages declined by nearly 15 percent.

The number of mortgages that were 30 or more days past due but not in foreclosure declined to 4.8 percent of all active mortgages, a 14.98 percent improvement for the year and 3 percent from November to December.  At year's end 2.41 million mortgages remained delinquent, 425,000 fewer than at the end of 2014.


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Linden was very professional, knowledgeable, efficient, patient and personable. All of these qualities played an important part of processing and closing the loan. Linden was great through the whole process of working with me, to working with the real estate company, and other offices involved. I know the seller’s real estate agent was rude and hard to work with at times. It was unfortunate that Linden had to deal with it but he handled the situation professionally. Also, I was gone 95% of the time traveling for work while buying the home. Linden was great about working with me while I was away and helped keep things moving and organized. It was greatly appreciated.
Victoris S.