More homeowners taking loan modifications, avoiding foreclosures

Past-due-houseMortgage servicers complete 400% more solutions than foreclosures

By Kelsey Ramírez | HousingWire

The mortgage industry completed over 100,000 permanent modifications during the second quarter, according to HOPE NOW, the voluntary private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

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Related: Mortgage credit defaults increase slightly in July

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