A significantly higher percentage of homeowners are being helped than had been previously believed based on the preliminary data on repayment plans and loan modifications.

Nine of the largest servicers handling 4.1 million loans, or approximately 58% of the outstanding subprime loans as of September 2007 provided the data. This preliminary data on the subprime loan modifications and repayment plans indicates:

- The industry assisted 370,000 homeowners during the second half of 2007. This includes 250,000 formal repayment plans and 120,000 modifications.

- Mortgage servicers were modifying subprime loans during the fourth quarter at triple the rate of the third quarter.
- On an annualized basis, 10.4% of subprime borrowers were helped.

- 39% of delinquent borrowers were assisted in the second half of
2007.

"The number of borrowers being helped is accelerating rapidly," said Faith Schwartz, Executive Director of HOPE NOW. "Our job is to get homeowners the help they need and we are doing that. HOPE NOW, which leverages the work already being done by servicers, is a program that yields significant results."