Up Tick in Annual HAMP Volume as Proprietary Down

Although overall loan modification volume was down in 2016, an increase was recorded for the government-supported program.

Last year, residential servicers were successful at modifying a total of 373,630 U.S. mortgages on behalf of distressed borrowers.

But activity retreated compared to 2015, when the number of borrowers whose home loans were modified amounted to 419,053.

---

…read more

From:: Financing