The Home Affordable Modification Program has modestly improved the level of modification activity in Chicago this month, though its pace continues to be far slower than what’s necessary to address the foreclosure crisis (see our previous analyses). There were 35,012 active modifications in the region in December 2010, up 3.57 percent from last month’s 33,806.

The Home Affordable Modification Program continues to putter along this month, with numbers of active trial and permanent modifications in the Chicago region staying largely level (see our previous analyses). There were 32,997 active modifications in the region in October 2010, up 0.36 percent from last month’s 32,880. However, new data from Treasury shows that the large number of homeowners who have been dropped from HAMP—at least 18,000 in the Chicago region—are not yet losing their homes in large numbers.

The number of active trial and permanent Home Affordable Modification Program modifications continues to drop in the Chicago region, according to new data released by Treasury. The past three months have seen active modifications drop to record lows (see our previous analyses). There were 32,880 active modifications in the region in September 2010, down 1.4 percent from last month’s 33,346.

New data show that the number of active trial and permanent Home Affordable Modification Program (HAMP) modifications in the Chicago region continues to drop, surpassing last month’s record low (see our previous analyses). There were 33,346 active modifications in the Chicago region in August 2010, down from last month’s 34,576 and November 2009’s 36,208, the first month Treasury released data by metro area.

The number of active trial and permanent Home Affordable Modification Program (HAMP) modifications in the Chicago region is now at its lowest since regional data has been reported, new data show (see our previous analyses). There were 34,576 active modifications in the Chicago region in July 2010, compared to 36,208 in November 2009, the first month Treasury released data by metro area.

New data on the Home Affordable Modification Program (HAMP) show that loan modification activity is continuing along recent trends, with increasing permanent modifications and decreasing trial modifications and total HAMP activity (see our previous analyses). Permanent loan modifications rose by 15 percent from May to June, while trial modifications decreased by 23 percent and total active modifications fell by 7 percent (see charts A and B below). These changes are less dramatic than May’s increase in permanent modifications (17 percent), decrease in trial modifications (27 percent), and decrease in total modification activity (13 percent).