The voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors Hope Now has released its April 2015 report that shows total non-foreclosure solutions (the combination of total loan modifications, short sales, deeds in lieu and workout plans) were approximately 153,000.

This compares to approximately 32,000 foreclosure sales for the month. Included in that total solutions figure were an estimated 44,000 permanent loan modifications.

“Hope Now continues to see declines in overall serious delinquencies each month. In 2010, at the peak of the housing crisis, there were more than four million families behind on their mortgages. That number has been more than cut in half as the industry continues to provide viable mortgage solutions,” said Eric Selk, Executive Director for Hope Now. “Loan mods are outpacing foreclosure sales and total non-foreclosure solutions are outpacing those sales by a five to one margin. 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. We have also shifted our efforts to assisting communities with post-crisis issues such as abandoned properties and blight.”

This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program. Since Hope Now began reporting data in 2007, the total number of non-foreclosure solutions is approaching 24 million and the number of permanent loan modifications is 7.5 million. Of the permanent loan modifications completed in the month of April, an estimated 29,000 were through proprietary programs and 15,425 were completed via HAMP.

Here are some highlights comparing April 2015 vs. March 2015:

  • Loan Modifications: Approximately 44,000 completed in April vs. 43,000 in March – an increase of approximately 3%.
  • Short sales – Approximately 8,300 completed in April vs. 8,300 in March – unchanged.
  • Deed in-lieu: Approximately 2,000 completed in April vs. 1,900 in March – an increase of 5%.
  • Foreclosure starts – Approximately 59,000 in April vs. 78,000 in March – a decrease of 24%.
  • Foreclosure sales – Approximately 32,000 in April vs. 31,000 in March – a slight increase of 1%.
  • Serious delinquencies – Approximately 1.78 million in April vs. 1.81 million in March – a decrease of 2%. Delinquency data is extrapolated from data received by the Mortgage Bankers Association for the first quarter of 2015.