As the island of Puerto Rico looks at a long road to recovery more than a year after being hit by Hurricane Maria, leaders from the mortgage and servicing industry have come together to help in rebuilding this paradise.
Read More »Drop-In Centers Working to Assist Hurricane-Impacted Texans
It’s been six months since Hurricane Harvey made landfall in Texas, but many residents in the South Texas area are still trying to recover from the storm’s impact. Post-storm mortgage delinquencies spiked as affected homeowners missed payments or worked to ...
Read More »Industry Hits A “Momentous Milestone” for Loan Modifications
Recent loan modification data shows a huge achievement since the housing crisis. What has the industry done to continue preserving homeownership?
Read More »Delinquencies Decline But Remain High Relative to 2000s
The Urban Institute’s September 2016 Chartbook shows that serious delinquencies and foreclosures continue to decline with the housing recovery, but remain quite high relative to the early 2000s.
Read More »Loan Modifications Increase as Foreclosure Sales Decrease
HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, has released its July 2016 loan modification data.
Read More »Permanent Loan Modifications Rise Higher in Q2
HOPE NOW recently released its Q2 2016 data, and it reported over 100,000 permanent modifications completed during the past quarter.
Read More »Foreclosure Alternatives Grow to New Heights in May
Foreclosure alternatives continued to outpace foreclosure sales by nearly four to one and shows the wide range of options available to homeowners in both the short and long term.
Read More »Foreclosure Prevention Efforts Hit Milestone
How many non-foreclosure solutions (modifications, deeds-in-lieu, short sales, and other workout plans) has the industry completed since 2007?
Read More »Servicers Remain Aggressive with Outreach Efforts
With Treasury recently announcing the allocation of the final $2 billion in Hardest Hit Fund money and HAMP set to expire at the end of the year, servicers are ramping up their efforts to reach at-risk borrowers.
Read More »Loss Mitigation Efforts Are Still Alive and Well
Mortgage servicers are still hard at work helping families avoid foreclosure, according to HOPE NOW's latest data.
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