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 -

The Solution for Loan Modification Companies and Industry Professionals

The loan modification industry is growing and shows no sign of slowing down. With the passing of the Home Affordable Modification Plan in 2009, every American has become aware of this emerging industry. Halo Mac is the premier trade association representing the Loan Modification industry.

Halo Mac provides companies and industry professionals with a way to tell their clients that they are committed to representing them in a professional and ethical manner by their membership to Halo Mac.

Halo Mac supports the loan modification industry by carefully watching the marketplace and staying on top of issues that affect your business. It is difficult enough to compete in this market and facilitate solutions for clients; belonging to an association that promotes your industry can help you succeed. We follow existing and pending legislation and offer insight and interpretation. In an environment where so many new companies are springing up, Halo Mac helps by recognizing those companies that have agreed to conduct their business in a professional and ethical manner while providing tangible solutions to homeowners in need.

We provide state licensing requirements with on-going updates as they occur to our members. We help you stay compliant by providing tools and resources as you need them.

We provide access to consumers to validate loan modification company membership through Halo Mac. We assist in handling client disputes resulting from inquiries made on our website and always recommend fair resolutions made by our Members to resolve client disputes.

We are the authoritative voice for loan modification professionals. Companies and industry professionals that meet our criteria for membership enjoy the collective and positive association that Halo Mac conveys to the business community and consumers alike.

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