Counselors at the Homeowners' HOPE Hotline fielded nearly 60,000 calls in the third quarter, double the call volume in the previous quarter and more than a tenfold increase from that of a year earlier, according to the Minneapolis-based Homeownership Preservation Foundation.The hotline, which is dedicated to helping homeowners avoid foreclosure, offers personalized assistance with mortgage payment concerns. "Troubled homeowners are more aware of our services because of the intense media coverage surrounding the foreclosure crisis," said Colleen Hernandez, president and executive director of the foundation. The organization can be found online at http://www.995hope.org.
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Along with a 25% increase in production, Vishal Garg's scheme aims for monthly revenue growth of $7 million and a reduction of cash burn from $4 million to $0.
September 4 -
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
September 4 -
eXp World Holdings, the parent company of eXp Realty, and Kind Lending ended their mortgage joint venture, Success Lending, it was reported Wednesday.
September 4 -
The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed's next interest rate decision will still hinge on next week's inflation reading.
September 4 -
As UAD 3.6's Nov. 2 mandate shrinks an aging appraiser pool, AnnieMac and Lower lean on AUS waivers and in-house teams to dodge 2022-style fee spikes and turn-time delays.
September 4 -
Mega investors, the smallest segment of non-owner occupied single family homebuyers, were responsible for one-quarter of the unit drop in second quarter sales.
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