A month-over-month decline in loan modifications completed was driven by proprietary activity. Government-supported modifications saw a year-over-year gain.
During September of this year, residential loan servicers successfully completed 30,799 loan modifications. Modification volume fell from 36,161 a month earlier.
The total, including proprietary modifications and modifications completed through the Home Affordable Modification Program, dipped from 31,588 a year earlier.
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From:: Financing