2013-06-23 — mortgagenewsdaily.com
``Since HOPE NOW was begun as a voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors in 2007 its members have completed 6.39 million loan modifications, 5.2 million under proprietary auspices and 1.19 million through HAMP (which began in 2009).
Foreclosure sales increased from 52,000 in March to 59,000 in April, a 14 percent escalation. Foreclosure starts increased by 1,000 to 116,000. Short sales reached a total of 1.26 million since HOPE NOW started tracking them in 2009 with an additional 27,000 short sales. There were 28,000 in March. ''
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