I regularly meet stressed homeowners that have been turned down for a
modification plan......
An estimated 210,000 homeowners received permanent, proprietary
loan modifications from mortgage servicers during the first
quarter of 2011, according to data released by HOPE NOW
yesterday. That’s down nearly 20% from the 261,500
private-program mods reported during the fourth quarter of 2010,
and 40% fewer than the 347,000 completed in the third quarter of
2010.
loan modifications from mortgage servicers during the first
quarter of 2011, according to data released by HOPE NOW
yesterday. That’s down nearly 20% from the 261,500
private-program mods reported during the fourth quarter of 2010,
and 40% fewer than the 347,000 completed in the third quarter of
2010.
also.....
Schwartz commented,
“While it’s encouraging to see a continued decline in 60 day
delinquency we realize many homeowners continue to be at risk of
foreclosure, as evidenced by the increase in foreclosure sales in
March.”
“While it’s encouraging to see a continued decline in 60 day
delinquency we realize many homeowners continue to be at risk of
foreclosure, as evidenced by the increase in foreclosure sales in
March.”
Smart Real Estate News & Commentary by Chris McLaughlin April 28,
2011
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2011
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