Skip to main content

HOPE NOW: 117K Mortgage Solutions in April

Phil Hall
Jun 21, 2016
Approximately 117,000 non-foreclosure solutions—including total loan modifications, short sales, deeds in lieu and workout plans—were executed in April, according to new data from HOPE NOW

Approximately 117,000 non-foreclosure solutions—including total loan modifications, short sales, deeds in lieu and workout plans—were executed in April, according to new data from HOPE NOW.

Within the non-foreclosure total, there were 31,000 completed loan modifications in April, 6,300 short sales, 1,700 deeds in lieu, 50,000 foreclosure starts and 28,000 foreclosure sales. Approximately 1.64 million properties were considered to be seriously delinquent, roughly one percent below the previous month.

Eric Selk, HOPE NOW’s executive director, observed that his coalition achieved more than 25 million mortgage solutions since July 2007, but he warned that more work was required.

“It is critical that these efforts continue and that early intervention ensues before the homeowner becomes severely delinquent,” Selk said. “Our data indicates that early intervention is assisting with market recovery, as serious delinquency numbers continue to decline. As many markets continue to recover, HOPE NOW’s members and partners are focused on the regions that are still plagued by large numbers of delinquent borrowers.  Our face to face outreach efforts have already helped borrowers in Tampa, Camden and Jacksonville so far this year—with over 500 in attendance. Future events are being planned for Queens and Bronx, N.Y., on July 13 and 14, Atlanta, Houston, Miami and Riverside.”

Published
Jun 21, 2016
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021