The HOPE NOW Alliance national coalition of mortgage servicers, counselors and mortgage industry experts working to aid struggling homeowners—said Friday that in April alone, the agency assisted 183,000 homeowners through effective loan workout solutions.
In a press statement, HOPE NOW describes April’s loan workout statistics as the “highest monthly amount since the program was begun in July 2007.”

“These numbers clearly demonstrate that HOPE NOW is succeeding at helping homeowners avoid foreclosure and stay in their homes,” said HOPE NOW Executive Director Faith Schwartz. “Foreclosure benefits no one: the borrower, community, lender and investor all lose,” Schwartz added. “HOPE NOW has every incentive to help troubled homeowners hold on to their homes, and the alliance will continue to do everything possible to reach and help as many as possible.”
In its Friday report, HOPE NOW said the coalition has helped 1.6 million homeowners stay in their homes since the program’s inception last July.
_HOPE NOW’s latest report includes additional home preservation statistics, such as the following:_
183,000 borrowers received workouts in April, which is 23,000 more borrowers when compared to the previous month
the total number of mortgage servicer-initiated workouts since July of last year equals 1,558,854
in April, approximately 106,000 of the prime and subprime workouts completed by servicers were in the form of repayment plans; while 77,000 were loan modifications.
Click here to access the full report.