Industry Statistics

Newly Initiated Home Retention Actions

Fourth 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 -

Our Mission

Halo Mac's mission is to encourage fair and ethical business practices in the loan modification industry and promote loan modification companies and industry professionals that meet our high standards for membership.

The current housing crisis and new government and private loan modification programs, is the foundation on which Halo Mac was formed.

Our mission helps shape the loan modification industry. We promote education of professionals and consumers as new loan modification services evolve. We believe loan modification services can help all types of homeowners and lender/servicers alike, prevent foreclosures, stabilize housing, and encourage economic recovery.

Our mission and values aims to encourage loan modification companies to provide the highest levels of service to ensure the public and housing industry’s confidence.

Our Position On Compliance

We believe that the correct approach is to work with regulators and that fair regulation for the industry starts with respectful consideration to existing state and federal requirements.

To that end, Halo Mac chooses to work with state regulators and assist as we can towards the ultimate goal of fair regulation for companies and industry professionals. Halo Mac believes that by promoting its members that have met compliance requirements and who strive to participate in this industry in a professional manner will contribute to the overall better perception and image of loan modification companies.

There is a proper way to conduct business which is through an upfront and transparent approach. Real estate laws and regulations will become increasingly weighted to protect the homeowner and new changes will continue to be introduced and added to protect them.

Halo Mac welcomes fair regulation that protects the interests of consumers and that promotes choices for consumers including the option for professional representation.



Contact Halo Mac

Toll Free:

 

1-877-HALO-MAC
1-877-425-6622




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