Loss Mitigation

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HOPE NOW: 545,000 Subprime Borrowers Aided in Second Half of 2007 

Feb 06, 2008By

Taking aim at recent claims that the mortgage industry has done too little to help troubled borrowers, the HOPE NOW alliance on Wednesday released its final report covering loan workout activity in 2007. Approximately 545,000 subprime mortgage holders were helped in the second half of 2007, HOPE NOW said, compared to the 370,000 reported in a preliminary study last month.

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Updated 10 months ago