Scotsman Guide > News > May 2016 > News Story

 Enter your e-mail address and password below.

  •  
  •  

Forgot your password? New User? Register Now.

News Archives

 
Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Loan modifications and foreclosures tick upward, HOPE NOW says


Loan modifications and foreclosures increased slightly in the first quarter, but the longer-run trend continues to show an improving situation, according to HOPE NOW.

Some 319,000 homeowners received an alternative solution to a foreclosure in the first quarter, which was up 5 percent from this past fourth quarter, but down 26 percent year over year, the organization reported. Foreclosure starts also rose in first-quarter 2016, compared to the prior quarter, to 179,000, up 14 percent from this past fourth quarter, but down from 215,000 year over year, HOPE NOW reported.

Delinquent loans 60 days or more past due declined to 1.72 million in the quarter, down 11 percent from a year earlier.

"Early intervention and direct contact with the borrower has clearly made a huge impact in the overall delinquency numbers," said HOPE NOW Executive Director Eric Selk in a news release.


 

Questions? Contact at (425) 984-6017 or victorw@scotsmanguide.com.

Get the latest news and articles from Scotsman Guide straight to your inbox.


Send me the following e-mails:





Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.


Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page
 
 
 
 

 
 

© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy