OCC: Mortgage Performance Best Since 2008

``Mortgage performance during the first quarter of 2012 was the best in three years according to the Office of Comptroller of the Currency's (OCC's) Mortgage Metrics Report.  Percentages of mortgages that were 30 to 59 and 60 to 89 days delinquent were at the lowest level since at least the first quarter of 2008 when Metrics was first published.  The percentage of mortgages current and performing at the end of the quarter was 88.9 percent up 1.1 percent from the previous quarter and 0.3 percent from a year earlier. OCC attributed the improvement in performance to several factors including strengthening economic conditions, seasonal effects, servicing transfers, and the ongoing effects of both home retention programs and home forfeiture actions.''