HAMP analyses

Tracking the Progress of Federal Loan Modifications: September

Seventeen lenders, as well as 2,300 participants with Fannie Mae- and Freddie Mac-insured loans, started modifications for less than the national average of 16% of eligible loans, while only nine lenders modified more than 16% of their eligible loans. Last month, sixteen lenders modified fewer loans than the national average, while eight lenders modified more loans than the national average.

Tracking Loan Modifications: August 2009

Sixteen lenders, as well as 2,300 participants with Fannie Mae- and Freddie Mac-insured loans, started modifications for less than the national average of 12% of eligible loans, while only eight lenders modified more than 12% of their eligible loans. Last month, thirteen lenders modified fewer loans than the national average, while seven lenders modified more loans than the national average.

Tracking Loan Modifications

Here at Woodstock Institute, we’re tracking the mortgage lenders active in the Chicago area to see how they’re performing on their commitment to reducing monthly payments for distressed homeowners. Check back here every month to see who’s getting better—or worse.
Here are the results for performance through July 2009:

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