Number of troubled homeowners rises, federal regulator says

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The number of homeowners behind on their mortgages increased during the second quarter of the year, even as the number of struggling borrowers who received help with their loans decreased by nearly 20 percent, according to a government report released Thursday.

The Office of the Comptroller of the Currency, a federal banking regulator, found that 12 percent of borrowers had missed at least one mortgage payment or were in foreclosure during the second quarter. That figure is up from 11.4 percent the previous quarter but still lower than during the same period a year earlier.

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Jerry Markon 30 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=c08b13ab6a36ed25ef1c414fda966d1d
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