The Department of the Treasury released its fifth report card on how mortgage lenders are doing modifying loans for eligible homeowners under the government’s Making Home Affordable program (see the first, second, third, and fourth report cards).
The Department of the Treasury released its fourth report card on how mortgage lenders are doing modifying loans for eligible homeowners under the government’s Making Home Affordable program (see the first, second and third report cards). Eighteen lenders started modifications for less than 20% of their eligible loans, below the national average. Only ten lenders modified more than 20% of their eligible loans. Last month, seventeen lenders modified fewer loans than the national average, while nine lenders modified more loans than the national average.
The Department of the Treasury recently released its third report card on how mortgage lenders are doing modifying loans for eligible homeowners under the government’s Making Home Affordable program (see the first and second report card).
The Department of the Treasury recently released its first report card on how mortgage lenders are doing modifying loans for eligible homeowners under the government’s Making Home Affordable program. Thirteen lenders, as well as 2,300 participants with Fannie Mae- and Freddie Mac-insured loans, started modifications for less than the national average of 9% of eligible loans, while only seven lenders modified more than 9% of their eligible loans.