Who is Halo Mac
Industry Statistics
Newly Initiated Home Retention Actions
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 - Press Releases
Media Contact: Keith Kirk, membership director
Direct Phone: 877-HALO MAC (877-425-6622)
Direct Email: keith@halomac.org
New Home Loan Modification Association of Companies Promotes Ethics, Builds Trust
Solana Beach, Calif. (April 8, 2009) – As a record number of homeowners fall behind on mortgage payments, a new association has emerged to help consumers navigate the maze of loan modification companies offering to come to their rescue.The association–aptly named the Home Loan Modification Association of Companies or "Halo Mac" - is a one-of-a-kind organization that promotes reputable loan modification companies. It is the first and only association designed to serve loan modification companies, support industry professionals and promote its members to the public. "The public can have more confidence in their choices of companies due to the commitment our members show to fair and ethical business practices, as evidenced by their affirmations of Halo Mac guidelines and to our Declaration of Principles," said Halo Mac President, Tom Krug.
With so much misinformation and confusion about loan modification companies circulating, Halo Mac is a very timely and much-needed addition to the financial services marketplace. Once approved for the high standards for membership, Halo Mac companies can proudly display the Halo Mac seal on their Web site and other marketing material. "This seal identifies companies as members of Halo Mac and as those who have agreed to do business in compliance with state and federal guidelines," Krug said. "Consumers (homeowners) can access the Halo Mac site and verify if the company they are working with or considering hiring is a Halo Mac member."
As the authoritative association for the loan modification industry, Halo Mac is committed to supporting reputable loan modification companies and professionals. As such, Halo Mac members can receive immediate, state-by-state updates to keep abreast of the latest regulatory requirements. Also, if a member company charges an upfront fee, it must provide the homeowner with an Advance Fee Agreement detailing the phases of work and money associated to each phase. Consumers can use Halo Mac's convenient search tool to check its membership database for suitable loan modification service providers. They can also take advantage of the helpful glossary, news and links available on the Web site's Consumer Section.
The launch of Halo Mac comes at a time when loan modifications are becoming an increasingly popular and helpful financial tool. However, the loan modification process can be complicated and intimidating to many homeowners. Companies that specialize in providing loan modification services typically have more favorable treatment and better results with lenders. Unfortunately, in the past, some companies have engaged in disreputable practices that have tainted the loan modification industry. Now with Halo Mac, consumers can gain easy access to high-quality mortgage professionals who can help them prevent a foreclosure and keep their home.
Halo Mac offers Corporate, Individual and Vendor membership packages at varying fees, but there is no charge for consumers to utilize the Web site. For more information about the new association, please visit www.HaloMac.org or contact Membership Director Keith Kirk at 877-HALO MAC (877-425-6622).
Contact Halo Mac
Toll Free:
1-877-HALO-MAC
1-877-425-6622
Email Us:
membership@halomac.org
support@halomac.org
Halo Mac Inquiries
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