The percentage of current and performing mortgages fell to 86.4 percent at the end of the fourth quarter of 2009
down 0.9 percent from the previous three months
down 3.9 percent from a year earlier.
21.1 percent jump in mortgages 90 or more days past due
4.7 percent of all mortgages
The increase in seriously delinquent mortgages was most pronounced among prime borrowers
The jump in seriously delinquent mortgages is likely to lead to a rise in foreclosure actions
mortgages accounted for 68 percent of all home loans within the portfolio
Home forfeiture actions -- foreclosure sales, short sales, and deed-in-lieu-of-foreclosure actions -- increased by 8.6 percent from the previous quarter to 163,224. That is up 44.5 percent from a year earlier.
newly initiated foreclosures, however, dropped by 15.4 percent from the previous quarter