Banks continued to make headway on home-loan performance, with the non-current rate falling. As delinquent loans are being cleared out, repossessions edged higher.
In the first quarter of this year, 76 percent of residential first liens serviced by banks were considered prime. Borrowers in this category had credit scores of at least 660.
Prime share of the banks’ mortgage servicing portfolios was no different than in the final quarter of last year and was also unchanged from the first quarter of last year.
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From:: Financing