Hope Now Loan Modification Results

HOPE NOW completed 476,192 loan modifications during the first quarter of 2010 - a 29% increase from the same period last year. This brings HOPE NOW's loan modification total to more than 2.88 million since July 2007.

The alliance reports that it handled 1.36 million workout solutions in the first quarter of this year, a 92% increase from the 710,000 handled in the first quarter of 2009. The first quarter of 2010 also saw nearly 4 million 60 days-plus delinquencies and 291,380 completed foreclosure sales, compared to 2.85 million 60 days-plus delinquencies and 201,310 completed foreclosure sales in the first quarter of 2009.