Nearly Half of Bank/Thrift HAMP Activity in The Second Quarter of 2009 was Non-Prime
October 9, 2009
Non-prime mortgages accounted for a significant amount of activity under the Home Affordable Modification Program in the second quarter of 2009, according to new data from federal banking regulators. However, a number of non-prime servicers continue to lag behind the industry average in terms of modifications per delinquent borrowers.Subprime mortgages received... [Includes two charts]