Phoenix-based specialty default mortgage servicer Marix Servicing is stepping up its efforts to help Hispanic borrowers modify mortgages. The Hispanic Homeowner Outreach Program (HHOP) is a partnership between Marix and the National Financial Services Consortium (NFSC), a group of minority-owned financial services businesses. The program provides servicers “advanced techniques to communicate with Hispanic homeowners who are behind on their mortgage payments,” by helping bridge gaps in language, culture and understanding, Marix said in a release. “Assisting Hispanic borrowers, one of the groups disproportionately impacted by the current stress in the mortgage markets, is very important work,” said Marix president Rick Smith. “Marix has gladly expanded the reach of its borrower outreach programs, with the help of the National Financial Services Consortium, to improve home retention by Hispanic borrowers,” he added. Write to Austin Kilgore.
Servicer Creates Program to Help Distressed Hispanic Borrowers
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August