MHA Public Report 8-4-09
Transcript of 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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