16
Mar
Home Mortgages Foreclosure Problems
home foreclosures
Bank of America Corp., the nation’s largest servicer of mortgages, said that it had increased the number of permanent mortgage modifications to 12,700 last month from 3,200 in December. BofA said an additional 13,700 permanent modifications were in their final stage. BofA holds about 1 million mortgages that are at least 60 days delinquent
Nationwide, about 4 million homeowners are 90 days or more delinquent on their mortgages or in foreclosure proceedings, according to Moody’s Economy.com
