HOPE NOW: 133K loan mods in 1Q2014

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HOPE NOW Delays 768,000 Foreclosures in 2013. HOPE NOW, a voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, released a press release Thursday outlining its loan modification data from 2013. In total, 768,000 homeowners received loan modifications from HOPE NOW in 2013.

Home HOPE NOW: Mortgage industry achieves 24M solutions and 6M loan mods HOPE NOW: Mortgage industry achieves 24M solutions and 6M loan mods 411,000 non-foreclosure solutions for homeowners.

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The voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors known as HOPE NOW says that about 133,000 homeowners received permanent loan.

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And I agree that many more of these HAMP modifications will default over the next couple years. But there are another 4.6 million proprietary modification programs completed too (these are lender specific programs). Some of this data is available from Hope Now. The lenders also offered additional retention plans.

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RealtyTrac (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q3 2015 U.S. Home Equity & Underwater Report, which shows that as of the end of the third quarter there were 6,917,673 U.S. residential properties that were seriously underwater – where the combined loan amount secured by the.