How many non-foreclosure solutions (modifications, deeds-in-lieu, short sales, and other workout plans) has the industry completed since 2007?
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.
Read More »Distressed Homeowners Still Turning to Permanent Loan Modifications
Foreclosures are way down and many housing fundamentals are at pre-crisis levels. But for those borrowers still facing foreclosure or at risk of defaulting, permanent loan modification remains a popular option.
Read More »Non-Foreclosure Solution Totals Are Piling Up
Foreclosure alternatives continue to outpace foreclosure sales by a wide margin.
Read More »Continued Economic Growth Vital for Still-Challenged Markets
With foreclosure volumes—and the need for loss mitigation—on a steady decline, the question is whether or not housing markets can sustain their growth.
Read More »Non-Foreclosure Solutions Down Year-Over-Year, But Still Outpace Completions Four to One
The mortgage industry reported about 122,000 non-foreclosure solutions (including short sales, deeds-in-lieu of foreclosure, and other workout plans) for July, while about 29,000 foreclosures were completed.
Read More »Mortgage Industry Surpasses 24 Million Workout Plans Completed Since 2007
For Q2, the number of workout solutions outpaced completed foreclosures by the count of 411,000 to 89,000, which calculates to an average of 4.6 solutions for every foreclosure sale during the quarter.
Read More »Non-Foreclosure Solutions Continue to Outpace Completions Five to One
Non-foreclosure solutions continued to outpace completed foreclosures by a rate of approximately five to one in April while serious delinquencies continued their steady decline, according to data released on Wednesday by HOPE NOW, an industry-created private sector alliance of mortgage ...
Read More »Housing Alliance to Continue Borrower Outreach Events in Midwest
Aside from the event scheduled for Chicago on May 27, HOPE NOW has announced borrower outreach events for St. Louis (June 13) and Cleveland (July 11) as part of an effort to focus on the Midwest. HOPE NOW said it plans to host events later in the year in Ft. Lauderdale, Hartford, Memphis, and Los Angeles.
Read More »Foreclosure Completions Plummet Year-Over-Year While Starts Increase
Completed foreclosure sales totaled approximately 96,000 for Q1 2015, down from 126,000 in the same quarter a year earlier, according to HOPE NOW – a decline of approximately 24 percent. Foreclosure starts jumped by 3 percent year-over-year in Q1 (from 219,000 up to 225,000) and about 10 percent quarter-over-quarter (from 205,000 up to 225,000).
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