MHA Public Report 8-4-09

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  • 8/14/2019 MHA Public Report 8-4-09

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    HAMP Trial Modifications Started

    Cumulative

    Home Affordable Modification Program (HAMP)1

    Mak ing Home Af fordable ProgramServ icer Per formance Repor t th rough J u ly 2009

    Number of Trial Modifications Started2

    (Cumulative)235,247

    Number of Trial Period Plan Offers Extendedto Borrowers (Cumulative)

    406,542300,000

    350,000

    400,000

    450,000

    Number of Requests for Financial InformationSent to Borrowers (Cumulative) 1,387,218

    1Source: Survey data provided by servicers.

    2 Trial modifications start when the first trial payment is received. 50,000

    100,000

    150,000

    200,000

    250,000 235,247

    HAMP Participating Servicers HAMP Trial Plans Extended to Borrowers

    0

    (Cumulative) Approximately 85% of mortgages are covered by HAMP

    participating servicers.

    38 servicers have signed servicer participationagreements to modify loans under HAMP. Theseparticipants service loans owned or guaranteed by 300,000

    350,000

    400,000

    450,000406,542

    Fannie Mae or Freddie Mac, loans held in portfolio, orloans serviced on behalf of other investors.

    Approximately 2,300 participants service loans owned orguaranteed by Fannie Mae or Freddie Mac. Theseservicers automatically participate in HAMP.

    100,000

    150,000

    200,000

    250,000

    0

    50,000

    Additional information on HAMP can be found on MakingHomeAffordable.gov or call theHomeowners HOPE Hotline at 1-888-995-HOPE (4673).

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