Articles Tagged with ''Faith Schwartz''

HousingWire Woman of Influence Faith Schwartz joins FormFree board

Played firsthand role in shaping housing public policy
Fintech company FormFree announced this week it elected industry leader and HousingWire Women of Influence winner Faith Schwartz to its board of directors. Schwartz previously played a firsthand role in shaping housing public policy, and continues to make waves in the industry even today.
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Faith Schwartz: Leading the way

In this year’s Influential Women special section, we talk with 30 women leaders helping to shape the housing sector. These are decision-makers who have distinguished themselves...
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Servicers Initiate 18% Fewer Work-Outs in July: Hope Now

The mortgage servicing industry helped 253,000 homeowners achieve workout solutions in July, an 18% decrease from 310,000 workouts in June. The July data brings the 2009 total to 1.77m workouts, according to Hope Now, the private sector alliance of mortgage servicers, investors, insurers and non-profit counselors.
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Industry Efforts Track Mortgage Woes

The mortgage industry modified 133,910 mortgages in March, according to the industry alliance HOPE NOW. The data marks the second consecutive month of just under 134,000 recorded modifications, more than half of total workouts plans in March. Repayments accounted for another 115,000 workouts initiated. “The lending industry is steadily working out solutions for homeowners and keeping as many as possible in their homes,” HOPE NOW executive director Faith Schwartz says in a statement.
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Modification Aid Gap Continues Between Prime, Subprime

New data released this week by the HOPE NOW coalition of servicers, lenders and investors shows a continued disparity between the modification help given to prime borrowers over subprime borrowers. The ratio of repayment plans to modifications for prime borrowers during January was 2.23 percent -- up from 1.95 percent in December -- while for subprime borrowers that ratio was 0.53 percent -- unchanged from December's data.
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239,000 Foreclosures Prevented in December

Hope Now, the private sector alliance of mortgage servicers, counselors, and investors that works to prevent foreclosures and keep homeowners in their homes, announced Thursday that its members and the larger mortgage lending industry completed a record-high 239,000 foreclosure prevention workouts in December 2008.  This marks the first time since Hope Now began to compile data in July 2007 that the number of workouts exceeded 200,000 in 4 consecutive months.
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Gap Widens Between Prime, Subprime Borrowers

New data released this week by the HOPE NOW coalition of servicers, lenders and investors shows clearly that while the nation's foreclosures decreased during November, the disparity of available help between subprime and prime borrowers continues to grow. According to the group, just 69,075 foreclosures were completed during November nationwide, down 13.9 percent from Oct.'s totals; the drop reflects a strong push to enact voluntary and involuntary foreclosure moratoriums in key housing states.
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Modifications Rise Despite Subprime, Prime Disparity

The gap is slowly being closed -- despite continuing evidence that prime borrowers are less likely than their subprime counterparts to receive a loan modification, data from industry coalition HOPE NOW on Tuesday suggested that at least some progress is being made to close the gap. Overall, the coalition said that servicers had executed more than 225,000 workouts foreclosures in October, 13,000 more than the record set last month.
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