WASHINGTON — Home foreclosures rose over the summer after fewer people at risk got assistance lowering monthly mortgage payments, a report says.
About 470,000 homeowners received help either directly from banks or through government programs in the July-September quarter, according to a report released Wednesday by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
That is a 17 percent drop from the previous quarter and a decline of 32 percent from the same period last year.
Meanwhile, completed foreclosures rose to nearly 245,000 in the third quarter, up 11.2f percent from the previous three months, the report said. The report covers the 64 percent of mortgages held by national banks and thrifts.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.