Industry Statistics
Newly Initiated Home Retention ActionsFourth 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 News
New California law bans loan modification firms from demanding upfront fees (McClatchy Washington Bureau) 13 Oct, 2009 | 1:10 pm PDT -Critics say US government\'s home rescue plan delaying, not solving ... - Lebanon Daily Star 13 Oct, 2009 | 1:16 pm PDT -
The New Mortgage Business: Loss Mitigation And Loan Modification (Investopedia via Yahoo! Finance) 9 Sep, 2009 | 12:51 pm PDT -
Geithner\'s Mortgage Shame Game - Forbes 10 Sep, 2009 | 2:16 pm PDT -
Meltdown 101: Housing help lags high expectations - The State 10 Sep, 2009 | 4:04 pm PDT -
US 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 -
Halo Mac Member Alerts
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Additionally, Halo Mac requires companies who have received inviestigatory notices at the regulatory level to show proof that any issues have been resolved to the satisfaction of State / Federal regulators.
Companies that have recieved a "cease and desist" or any other similar type of order from any state in which they do business will be required to pay an upfront, non-refundable application fee of $500.00 and submit proof that they have satisfied any and all issues with State / Federal regulators. Companies that have not resolved these issues will not be granted membership to Halo Mac.
Additionally, Halo Mac requires companies who have received inviestigatory notices at the regulatory level to show proof that any issues have been resolved to the satisfaction of State / Federal regulators.
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