Bank Default rate shows improvement
BoA, Wells, JP Morgan and other banking institution are happy to see signs of mortgage default improvements in the early months of of 2012.
In January 2012, real estate mortgage foreclosure, which includes bank repossesion and sales, made an improvements of three percent from december 2011. The total foreclosure filings over 2011 was thirty four percent less than 2010.
Many experts expects that once the $25
billion settlement is final after breaking some Foreclosure law, banks will raged against homeowners and
will do everything to expediate foreclosure filings.
After becoming the top loan Originator in 2008 when big brother the government pressured Bank of America to buy countrywide, the bank has been trimming on it's loan origination mortgage business and is currently fourth in the business.
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Posted by JN at 2/21/2012 4:01 PM 
Categories: Foreclosure
Tags: Bank Default Default on a Bank Loan Bank default rate mortgage settlement process mortgage settlement letter
Categories: Foreclosure
Tags: Bank Default Default on a Bank Loan Bank default rate mortgage settlement process mortgage settlement letter
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