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In August, it reported that delinquencies in its servicing portfolio stood at 4.9percentt of its total outstanding loan amounts, up from 3.65percentt at the same time last year.
The company said fourth-quarter net income would be less than some analysts estimated as it disclosed costs tied to job cuts in its servicing network.
It said some 5.8% of the loans in its servicing portfolio were behind in payments by 30 to 90 days as of Sept. 30, up from 4.5% in the year-ago quarter.
But Jerry Hager, the company's general counsel, said yesterday that First Alliance did not anticipate any interruption in its servicing operations.
In December 2006, for example, company figures show that 5.02percentt of the loans in its servicing portfolio were delinquent, up from 4.11percentt in July 2006.
Countrywide said some 5.8percentt of the loans in its servicing portfolio were behind in payments by 30to9090 days as of Sept. 30, up from 4.5percentt in the quarter a year earlier.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com