The FHFA’s latest 2022 Foreclosure Prevention and Refinance Report breaks down Agency data ranging from foreclosures and REOs to forbearance and mortgage performance.
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New York AG Announces State Loan Program to Prevent Foreclosures
The government of New York is taking further steps to try to stem the tide of foreclosures that still lingers in the Empire State today. New York Attorney General Eric T. Schneiderman announced the launch of the New York State Mortgage Assistance Program, or NYS MAP, which will provide targeted small loans to families with the aim of helping them avoid foreclosure.
Read More »HOPE NOW: Loan Mods Reach 7 Million Mark; 42k in April
HOPE NOW released its latest data on loan modifications, noting that in April approximately 42,000 homeowners completed a modification for their home's mortgage. All told, the organization reported that more than 7.02 million homeowners have completed home mortgage modifications since the third quarter of 2007.
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