HAMP Helping Less Than 20% of Eligible Delinquent Mortgages
Nearly 2.9 million loans and almost 1.4 million borrowers are eligible for HAMP, yet more trial modifications and permanent modifications have been canceled than converted.
Palm Coast, FL – March 3, 2011
Less than 20% of the estimated delinquent mortgages eligible for modification under the Obama administration’s Making Home Affordable Program have moved to the active permanent modification status.
The government estimates nearly 2.9 million loans and almost 1.4 million borrowers are eligible for HAMP, yet more trial modifications and permanent modifications have been canceled than converted.
Full Story >>>>> HousingWire [March 2, 2011]
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