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Home » Store » Inside Mortgage Trends » Loss Mitigation Efforts Slow, Servicers Scrutinized

Loss Mitigation Efforts Slow, Servicers Scrutinized

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Loan modifications and other loss mitigation efforts continued to decline in the third quarter as mortgage performance improved. Servicers still face pressure on loss mitigation efforts, particularly with the Home Affordable Modification Program. Some 98,074 loan mods were completed in the third quarter of 2015, according to data released by Hope Now this week. Mod activity declined by 18.0 percent compared with the previous quarter and was down 13.3 percent from a year ago ...
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