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Real Estate & Property Law

: Housing Wire

Foreclosure Activity Outpaces Mods in October: Hope Now

By DIANA GOLOBAY

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The mortgage servicing industry completed 271,563 total loan workouts in October, according to Hope Now, the private sector alliance of mortgage servicers, investors, insurers and non-profit counselors. Workouts included 198,373 repayment plans and 73,190 modifications. At the same time, the industry completed 94,450 foreclosure sales and initiated another 222,107 foreclosure starts. Total 316,557 foreclosure sales and starts [...]

Full post as published by Housing Wire on December 04, 2009 (boomark / email).

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