|By Marketwired .||
|January 12, 2017 09:00 AM EST|
MINNEAPOLIS, MN--(Marketwired - January 12, 2017) - Homeownership Preservation Foundation (HPF) this month surpassed nine million calls to its national (888) 995-HOPE (4673) Hotline from homeowners facing foreclosure, since the HOPE Hotline became integral in 2007 to the success of the federal government's response to the housing crisis.
Although the identity of the nine millionth caller for help remains private, HPF did confirm a profile of distressed U.S. homeowners helped by HOPE Hotline counselors during the last 12 months:
- 59% women
- 28% married with dependents
- 53% minority
- 62% low-to-moderate income
- 45% reported reduction of household income / unemployment
- A 604 average credit score
- 60% 30-or-more-days-delinquent on mortgage payment
While the number of U.S. mortgages in active foreclosure has dropped below 500K for the first time in nearly 10 years, mortgages that are 30-days-delinquent began to trend upwards in the fall, according to Black Knight Financial Services. As 30-day-delinquencies become 60-day or 90-day delinquencies, the need for ongoing foreclosure-prevention guidance also increases, HPF said.
"In fact, the vast majority of HOPE Hotline callers are not yet facing imminent foreclosure. They're responsibly calling for help before they fall too far behind. Many are experiencing difficulty connecting with their mortgage servicer or lender to get back on track. And, they're looking to HPF as an independent, trusted resource to be their advocate to their servicer or lender, or to offer frank, unbiased advice on next steps," said David Berenbaum, Chief Executive Officer, HPF.
Nearly three million homeowners who've called the HOPE Hotline since 2007 agreed to speak at no charge with a U.S. Department of Housing and Urban Development (HUD)-certified housing counselor about how to work with a mortgage servicer or lender to modify or refinance a delinquent mortgage; figure out how to get back on schedule; or even pull out cash equity in a home sale.
Tens-of-thousands of victims of mortgage scams also called the HOPE Hotline to report illegal, up-front fees charged by con artists posing as mortgage-reduction negotiators. The HOPE Hotline passes these reports to local or national authorities for prosecution. Other homeowners called to understand how to avoid being a victim of a mortgage scam.
Many more thousands of homeowners were referred by HOPE Hotline call center representatives to local or regional resources ready to provide additional help to better manage a mortgage payment.
"Helping responsible homeowners has been the cornerstone of the Making Home Affordable (MHA) program," said Danielle Johnson-Kutch, Chief of the Homeownership Preservation Office, U.S. Department of the Treasury.
"While the housing market has strengthened in recent years, this nine-millionth-call milestone underscores the fact that there are still many homeowners struggling to make their mortgage payments. The HOPE Hotline is a free and trusted resource that was vital in helping homeowners determine eligibility for the MHA program. Now that the MHA application period has sunset, the HOPE Hotline will continue to help homeowners improve their financial health, avoid foreclosure or mortgage scams," Johnson-Kutch said.
"HPF and its network counselors have learned a great deal about how to effectively ease homeowner anxiety during difficult times, calmly focusing each borrower on a plan of action that benefits borrower and their mortgage holder. We believe the HOPE Hotline has a strong role to play in assuring continued housing and mortgage market recovery," Berenbaum said.
The U.S. Department of the Treasury's mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government's finances and resources effectively. The Making Home Affordable (MHA) program is administered by the U.S. Department of the Treasury (Treasury) and the U.S. Department of Housing and Urban Development (HUD). As of December 30, 2016, no new applications or new requests for assistance will be accepted under any MHA program. Over the last seven years, MHA has helped over 1.8 million families obtain mortgage relief and avoid foreclosure.
About HPF Homeowner's HOPE Hotline™
HUD-certified housing counselors around the U.S. are available 24/7 to speak with distressed homeowners via the HOPE hotline in more than 170 different languages. Based in Minneapolis with offices in Washington, D.C., HPF is an independent, national nonprofit dedicated to guiding consumers on a path to sustainable homeownership by improving their financial health. Learn more at HOPE Hotline.
Vice President, Communications and Public Relations
Homeownership Preservation Foundation
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 25, 2017 02:15 AM EDT Reads: 827
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Apr. 25, 2017 02:15 AM EDT Reads: 8,977
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Apr. 25, 2017 01:30 AM EDT Reads: 1,835
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Apr. 25, 2017 01:15 AM EDT Reads: 1,287
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 24, 2017 11:45 PM EDT Reads: 713
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 24, 2017 11:30 PM EDT Reads: 2,151
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 24, 2017 11:15 PM EDT Reads: 2,265
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 24, 2017 11:15 PM EDT Reads: 824
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Apr. 24, 2017 11:00 PM EDT Reads: 810
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 24, 2017 10:45 PM EDT Reads: 1,733
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Apr. 24, 2017 10:45 PM EDT Reads: 2,094
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Apr. 24, 2017 10:45 PM EDT Reads: 713
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 24, 2017 09:45 PM EDT Reads: 3,617
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Apr. 24, 2017 09:15 PM EDT Reads: 1,653
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...
Apr. 24, 2017 08:15 PM EDT Reads: 454