Industry StatisticsNewly Initiated Home Retention Actions
Fourth Quarter, 2008 - The OCC and OTS Metric Report
Newly initiated home retention actions totaled 301,648 during the fourth quarter, an increase of more than 11 percent from the third quarter and an increase of more than 16 percent from the second quarter.
Industry NewsUS Home Foreclosures Set Another Record in July - CNBC 13 Aug, 2009 | 3:08 am PDT -
Foreclosures up in Riverside County - Mydesert.com 13 Aug, 2009 | 6:14 am PDT -
Dallas-area homeowners fight for mortgage loan modifications - Denton Record-Chronicle 10 Aug, 2009 | 7:51 am PDT -
Loan modification will try your patience (The Vail Trail) 7 Aug, 2009 | 10:21 pm PDT -
Banks Asked to Boost Loan Help (Washington Post) 29 Jul, 2009 | 7:01 am PDT - Washington Post
Option ARM Loan Modification Outlook Dismal - BusinessWeek 27 Jul, 2009 | 1:15 pm PDT -
US Effort to Modify Mortgages Falters - Wall Street Journal 27 Jul, 2009 | 5:07 pm PDT - Wall Street Journal
Joy of Loan Modification - Florida Times-Union 21 Jul, 2009 | 6:06 am PDT -
Countrywide settlement gives $3,000 to nearly 900 N.J. customers - Newark Star-Ledger 24 Jul, 2009 | 3:56 pm PDT -
Principal Writedowns Make for Better Loan Modifications--But Nobody Does it (US News & World Report) 26 Jun, 2009 | 11:39 am PDT - US News
Halo Mac - Who We Are
The Home Loan Modification Association of CompaniesThe Home Loan Modification Association of Companies, ("Halo Mac") is the national trade association representing loan modification industry companies and professionals.
Headquartered in San Diego California, Halo Mac encourages and supports the sustainability of home ownership for consumers that are experiencing hardship. Halo Mac believes that all types of homeowners in need can benefit from loan modifications. We support fair regulation that promotes ethical industry companies and professionals, and that cares for the rights of homeowners.
Industry News & FeedsNew California law bans loan modification firms from demanding upfront fees (McClatchy Washington Bureau) Posted on 13 Oct, 2009 | 1:10 pm PDT -
Loan modification firms that promise to help struggling borrowers get their mortgages rewritten have been banned immediately from asking for cash upfront.
Critics say US government\'s home rescue plan delaying, not solving ... - Lebanon Daily Star Posted on 13 Oct, 2009 | 1:16 pm PDT -
ALBANY, Ohio/WEST PALM BEACH, Florida: Within weeks of taking office, US President Barack Obama rode to the rescue of homeowners resigned to financial ruin. Obama, grappling with the worst US housing crisis since the Great Depression, pledged to help ...
The New Mortgage Business: Loss Mitigation And Loan Modification (Investopedia via Yahoo! Finance) Posted on 9 Sep, 2009 | 12:51 pm PDT -
There is no need to abandon the mortgage industry if new loan originations are declining.
Geithner\'s Mortgage Shame Game - Forbes Posted on 10 Sep, 2009 | 2:16 pm PDT -
Faced with a sluggish start to the Obama administration's $75 billion effort to stem foreclosures by reworking loans, Treasury Secretary Timothy Geithner told lawmakers Thursday that the threat of a public backlash would eventually force more firms ...
Meltdown 101: Housing help lags high expectations - The State Posted on 10 Sep, 2009 | 4:04 pm PDT -
Making Home Affordable, maybe tomorrow?
WASHINGTON -- The government set expectations sky-high earlier this year when President Barack Obama launched an effort to help up 7 to 9 million homeowners avoid foreclosure. Now, reality is setting in. The effort, dubbed Making Home Affordable ...