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OCC report says mortgage performance improved in second quarter

OCC report says mortgage performance improved in second quarter

Reporting servicers initiated 35,974 new foreclosures during the second quarter of 2017, a 24.3 percent decrease from the previous quarter and a decrease of 26.2 percent from a year earlier. Servicers implemented 30,523 mortgage modifications in the second quarter of 2017, a 13.1 percent decrease from the prior quarter’s 35,137 modifications. 

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