Servicers Completed 1.24 Million Non-HAMP Loan Mods in 2010

http://www.dsnews.com/articles/servicers-completed-176-million-non-hamp-loan-mods-in-2010-2011-02-02



Though servicers seem to be having minimal success with the Home Affordable Modification Program (HAMP), final 2010 data released by HOPE NOW shows that its members completed 1.24 million proprietary loan modifications last year. That number is more than double the 512,712 HAMP modifications completed by servicers last year. HOPE NOW's data show that there were 1.06 million foreclosure sales in 2010, compared to 1.76 million total loan modifications.