Hope Now housing relief efforts stalled

"Fewer troubled borrowers got help with their mortgages in August than in July, according to figures released Thursday.

Hope Now, the alliance of mortgage servicers, counselors, and investors assembled to combat foreclosures, said it helped 189,000 homeowners avert foreclosure in August, down 1.7% from the number of people helped in July.

'It's difficult to look at any one month and see a trend,' said Faith Schwartz, executive director of Hope Now. 'We're still outpacing the second quarter in total workouts.'"

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Hope Now housing relief efforts stalled