Items Tagged with 'executive director of Hope Now'


  • 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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  • What's Old is New Again: HOPE NOW Touts Loss Mit Guidelines

    If anything, HOPE NOW -- the industry coalition of lenders, servicers, investors and counselors -- faces the sort of challenges that tend to come whenever a large group of people with conflicting interests get together and work on finding some sort of non-binding, unforced middle ground. In particular: arriving at a groundbreaking accord is pretty much not an option from the outset, and pushing individual members to make real changes becomes difficult.
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  • HOPE NOW Adopts Project Lifeline

    In what probably was a foregone conclusion after it was first announced, HOPE NOW said Tuesday that all alliance members will officially adopt the Project Lifeline initiative no later than March 31, in an effort to help more homeowners save their homes.
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  • HOPE NOW: 545,000 Subprime Borrowers Aided in Second Half of 2007

    Taking aim at recent claims that the mortgage industry has done too little to help troubled borrowers, the HOPE NOW alliance on Wednesday released its final report covering loan workout activity in 2007. Approximately 545,000 subprime mortgage holders were helped in the second half of 2007, HOPE NOW said, compared to the 370,000 reported in a preliminary study last month.
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  • HOPE NOW: Number of Borrowers Helped Rising Rapidly

    Taking issue with recent suggestions that mortgage lenders aren't doing enough to help troubled borrowers, a report released Friday by the HOPE NOW Alliance suggests that servicers significantly ramped up loss mitigation efforts significantly during the fourth quarter.
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