The highest rates of foreclosures continue be in states such as California, Nevada, Arizona and Florida, which accounted for 46 percent of new foreclosures in the country, according to the report.
The pain, however, is spreading throughout the country as job losses take their toll. The number of newly laid off people requesting jobless benefits fell last week, the government said today, but the number of people receiving unemployment benefits was the highest on record. Without a steady job, it is harder for lenders to help these borrowers with loan modifications.
President Barack Obama’s recent loan modification and refinancing plan might stem some foreclosures, but may not be enough to significantly alter the crisis.
“It may be too much to say that numbers will fall because of the plan. It’s more correct to say that the numbers won’t be as high,” said Jay Brinkmann, chief economist for the Mortgage Bankers Association.
California, Florida, Nevada, Arizona highest in foreclosures
Captaloans joins with authorized reseller
Captaloans has joined with a technical company that will be helping to provide branding, training, and will be an authorized reseller of Captaloans subscriptions. They will be creating a a website at http://www.loanmodificationsoftwareservices.com/
Mark Bellegia, senior sales coordinator said “We are very pleased to have this agreement in place. The demand for the branding has been explosive and our internal staff could not keep up. This company has been helping provide us with branding of our loan mod application and our customers have been extremely happy with the quality of their work. Their assistance has allowed us to deliver a branded version of Captaloans with their company name, logo, and domain url often within in a matter of days. Extending the partnership to make them an authorized reseller will only enhance our relationship”.
With the explosive growth in the short sale and loan modification industries it has become important for businesses to have a CRM that will not only streamline their processes but promote their company brand.
For more information about using Loan Modification Software by Captaloans visit www.captaloans.com or call 800.416.5598
For more information on custom software, training, or branding of your Captaloans account visit www.loanmodificationsoftwareservices.com
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