HAMP Mods Slow Pace, Cancellations Increase in April as Industry Pushes for More Transparency
May 20, 2010
Mortgage servicers continued to work their way through the millions of home loans eligible for modification under the Obama administration’s program, but most of the likeliest candidates have received offers and begun trial payment programs. In fact, the universe of loans eligible for the Home Affordable Modification Program – conventional loans 60-days or more past due – has been declining since... [Includes one chart]