HOPE NOW released its 2Q 2013 data, which shows that approximately 204,000 homeowners received permanent loan modifications from mortgage servicers from April through June of this year. Of the 204,000 loan modifications completed for the second quarter of 2013, about 160,000 homeowners received proprietary loan modifications and 44,860 homeowners received loan modifications completed under the Home Affordable Modification Program (HAMP). Since 2007, the mortgage industry has completed more than 6.52 million total permanent loan modifications for homeowners. Of those loan modifications, more than 5.31 million were proprietary programs and 1,223,449 were completed under HAMP. "Our mission since 2007 remains the same—to reach out and assist as many homeowners as possible using all of the tools at our disposal," said Eric Selk, executive director of HOPE NOW. "In addition to the progress made via our solution data, HOPE NOW has sponsored over 140 face to face events in more than 70 markets nationwide and has been a driving force in bringing together all mortgage stakeholders in the interest of improving the nation’s housing market." Short sales for the second quarter of 2013 were approximately 81,000, for a total of over 1.32 million since December 2009. The combination of loan modifications and short sales has brought the total number of permanent, non-foreclosure solutions to over 7.84 million. During the second quarter of 2013, there were an estimated 329,000 foreclosure starts, compared to 472,000 during the previous quarter—a decline of over 30 percent. Here are some other key metrics for Q2 2013 vs. Q1 2013: ►Completed foreclosure sales in Q2 2013 were approximately 158,000 vs. 162,000 for Q1 2013 – a decline of two percent. ►Short sales completed in Q2 2013 were approximately 81,000 vs. 84,000 for Q1 2013 – a decline of three percent. The 204,000 loan modifications completed in the second quarter of 2013 compares to an estimated 182,000 completed during the second quarter of 2012. Here are some other key metrics for Q2 2013 vs. Q2 2012: ►Foreclosure starts for Q2 2013 were approximately 329,000 vs. 527,000 for Q2 2012 – a decline of 38 percent. ►Foreclosure sales for Q2 2013 were approximately 158,000 vs. 185,000 for Q2 2012 – a decline of 15 percent. ►Short sales completed for Q2 2013 were approximately 81,000 vs. 107,000 for Q2 2012 – a decline of 25 percent. For the month of June, there were an estimated 61,000 permanent loan modifications completed. Of that total, approximately 44,000 were proprietary loan modifications and 17,323 were completed under HAMP. Total modifications for the month represented a 16 percent decline from the previous month (73,000). Here are proprietary loan modification characteristics for the month: ►Proprietary loan modifications that included fixed interest rates of five years or more accounted for 98 percent (43,000) of the total. ►Proprietary loan modifications with reduced principal and interest monthly payments accounted for 80 percent (35,000) of the total. ►Proprietary loan modifications with reduced principal and interest payments of more than 10 percent accounted for 80 percent (35,000) of the total. Other key metrics for the month of June 2013 compared to May 2013: ►Foreclosure starts were estimated at 97,000 in June vs. 115,000 in May – a decline of 16 percent. ►Foreclosure sales were estimated at 52,000 in June vs.48,000 in May – an increase of eight percent. ►Short sales completed were approximately 26,000 in June vs. 28,000 in May – a decline of seven percent. ►Delinquencies of 60+ days were approximately 2.22 million in June, representing no change from May.