2012-09-07americanbanker.com

``Throughout 2011 and the first quarter of 2012, Hope Now servicers completed two foreclosure sales for every short sale. But the ratio of short sales moved higher in the second quarter. Hope Now servicers engaged in 107,400 short sales compared to 184,800 foreclosure sales.

The report does not include loan modifications completed under the Home Affordable Modification Act for July, which have not yet been released.''


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