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 »Could Housing Counseling Use an Upgrade?
Housing counseling as a resource to reduce the need for loan modification and foreclosures has been shown to be very beneficial since the housing crisis, but is there still more housing counseling can do to further impact homeowners?
Read More »Counsel’s Corner: Are Loan Mod Lawsuits Just Stall Tactics?
David G. Marowske recently spoke with DS News about cases in which borrowers are trying to force servicers into accepting a loan modification.
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 »Investment Advisor Releases White Paper In Ocwen’s Defense
In response to accusations from institutional investors against Ocwen Financial of "failure to perform," investment advisor LL Funds has come to the defense of the embattled mortgage servicer in the form of an independent 26-page white paper titled "In Defense of Ocwen Servicing" released Friday.
Read More »Foreclosure Prevention Counseling Program Has Helped 1.8 Million Homeowners
Washington, D.C.-based NeighborWorks America, one of the nation's largest community development corporations, announced that more than 1.8 million homeowners have received foreclosure prevention counseling through the association's National Foreclosure Mitigation Counseling Program (NFMC).
Read More »HARP Volume Drops Despite Increase In Refinances
Declines in mortgage interest rates helped spur a pickup in refinances in August, even as interest in the Home Affordable Refinance Program (HARP) continues to wane.
Read More »Report: 40,000 Homeowners Received Permanent Loan Mods in August
About 40,000 homeowners nationwide received permanent mortgage loan modifications from servicers in August, which includes loans completed through proprietary programs and under the government's Home Affordable Modification Program (HAMP), according to data released by the HOPE NOW Alliance on Thursday.
Read More »CFPB: Distressed Private Student Loan Borrowers Are Unaware of Options
Many private student loan borrowers are being driven into default due to a lack of information and affordable loan modification options, according to a report released Thursday by the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman.
Read More »Report: Nearly Half of December 2013 Foreclosures Remained In August
Nearly half of the mortgages that were in foreclosure in December 2013 were still in foreclosure as of the end of August, according to the Black Knight Financial Services August Mortgage Monitor released earlier in the week.
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