In May, mortgage lenders helped 249,000 homeowners complete workout solutions to help these borrowers stay in their homes, according to HOPE NOW.

HOPE NOW members and the mortgage lending industry modified 101,000 mortgages compared with 121,000 in April, a 16.5% drop. Additionally, 148,000 repayment plans were initiated, a 5.7% increase from April’s 140,000.

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