HAMP Report Shows Over 684,000 Active Permanent, Trial Modifications

摘要

The government's latest report on the Home Affordable Modification Program (HAMP) for homeowners at risk of foreclosure shows that 539,493 permanent mortgage modifications and 145,260 trial modifications were active at the end of January. Since the beginning the program, lenders initiated 1,493,107 trial modifications, and 607,607 were converted to permanent modifications. A total of 740,240 modifications were canceled during the trial stage, and 68,114 permanent modifications have been canceled, including 937 loans that were paid off. In addition, according to the report, 2,531 FHA-HAMP trial modifications and 923 FHA-HAMP permanent modifications were started through January.