Tag Archives: HOPE NOW

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.

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 ...

Recent loan modification data shows a huge achievement since the housing crisis. What has the industry done to continue preserving homeownership?

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.

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.

HOPE NOW recently released its Q2 2016 data, and it reported over 100,000 permanent modifications completed during the past quarter.

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.

How many non-foreclosure solutions (modifications, deeds-in-lieu, short sales, and other workout plans) has the industry completed since 2007?

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.

Mortgage servicers are still hard at work helping families avoid foreclosure, according to HOPE NOW's latest data.