Items Tagged with 'Hope Now Alliance'

ARTICLES

  • 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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  • HOPE NOW Hosts Foreclosure Counseling Events

    More than 4,000 distressed borrowers received foreclosure prevention counseling from the HOPE NOW Alliance at two separate events in the greater Las Vegas and Phoenix areas. The counseling was provided in partnership with NeighborWorks America, the Treasury Department as well as municipal and community-based housing groups. Participants could meet with representatives from their lender and counselors from Department of Housing and Urban Development (HUD)-approved organizations to pursue options to avoid foreclosure.
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  • Prime Mortgages Dominate Workout Efforts

    Mortgage industry professionals saw a record number of mortgages enter some form of workout plan in April as foreclosure moratoriums at government-sponsored enterprises began to expire. Prime mortgages now account for more than half of the industry's efforts. The mortgage industry modified 127,000 mortgages in April, down from 133,910 a month earlier. With another 142,831 mortgages in repayment plans, the industry put a record 269,831 mortgages in workout during the month, according to a survey conducted by HOPE NOW, the alliance of mortgage industry professionals.
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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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  • Homeowner Hotline Hopping

    The Homeownership Preservation Foundation (HPF), which operates the Homeowner’s HOPE Hotline, announced Tuesday that more than 124,000 homeowners have called the hotline since President Obama announced his “Making Home Affordable” plan on March 4, 2009.  On average, 13,500 homeowners have reached out to the Hotline each day since the announcement, about three times the average number of daily calls the Hotline received prior to the release of the president’s program.
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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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