Tim Rood wrote an interesting post today on
Here’s a quick excerpt
Even
as foreclosure activity wanes, homeowners continue to seek and obtain
loan modifications through HOPE NOW. The program announced today
that it had completed 204,000 modifications during the second quarter
of the year, about 160,000 of them proprietary and the remainder
completed through the Home Affordable Modification Program (HAMP.)
HOPE
NOW is a voluntary private sector alliance of mortgage servicers,
investors, private mortgage insurers and non-profit housing
counselors. Since it was founded at the beginning of the housing
crisis in 2007 its members have facilitated 6.52 million permanent
mortgage modifications. Of those, 5.31 million were proprietary and
1.224 million were completed through HAMP.
…(read more)
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Read the rest of this great post here