ABA Journal reports share of performing mortgages rise in Q4

The report is generated from seven large banks representing 22% of all outstanding residential mortgages. Shows a decrease in foreclosures for the quarter but an increase from the previous year.

Servicers initiated 9,166 new foreclosures in the fourth quarter, a decrease from the prior quarter but up from a year ago.

Mortgage Metrics Report: Share of performing mortgages rises in Q4