Government Loan Mod Program Keeps Rolling Along in Early 2010 With Gain in Conversions
February 18, 2010
Although relatively few borrowers who have embarked on trial modification plans under the Obama administration’s Home Affordable Modification Program have yet to convert to permanently restructured loans, their numbers are growing rapidly. According to data released by the Treasury Department this week, only 116,297 permanent loan mods had been completed under HAMP as... [Includes one chart]