Report Shows Heating and Utility Needs Among Issues Facing American Homeowners – NMP Skip to main content

Report Shows Heating and Utility Needs Among Issues Facing American Homeowners

NationalMortgageProfessional.com
Oct 11, 2011

MortgageKeeper Referral Services, developer of a Web-based app that connects struggling homeowners with qualified non-profit and government agencies, has released its third quarter 2011 Homeowner Needs Status Report. The report showed that homeowners received from MortgageKeeper nearly 224,000 referrals between July and September 2011—the most referrals ever requested. Utility assistance was the most requested category for help (15 percent of referrals). Food assistance (13 percent) and employment services (12 percent) rounded out the top three most needed services. "The number of homeowners in financial trouble keeps rising, and local assistance is the best, most reliable means of help," said Rochelle Nawrocki Gorey, president of MortgageKeeper Referral Services. "MortgageKeeper is one way mortgage servicers and housing counselors can find help for struggling homeowners and for individuals transitioning out of their homes." Counselors and servicers who subscribe to MortgageKeeper's database provide struggling homeowners with a list of exhaustively researched, best-in-class non-profit and government agencies in seconds. Often the agencies are located just a few miles from the homeowner. "Homeowners in the South are facing high electric bills from the summer heat wave, and some families up North are still paying off bills from last winter," said Gorey. "Their heating, cooling, and water costs are skyrocketing, and show no signs of dropping." MortgageKeeper Referral Services assists more than 2,000 families find answers and assistance every day. Subscribers include Saxon Mortgage Services, Ocwen Loan Servicing, and the Homeownership Preservation Foundation's 888.995.HOPE hotline. MortgageKeeper connects individuals in financial distress to reputable community services. Borrowers with access to outside resources have additional opportunities to cure default, benefiting the homeowner, servicers, and investors.
Published
Oct 11, 2011
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021