An estimated 81,351 homeowners received permanent loan modifications from mortgage servicers during February, a 6% increase from January, according to new data from HOPE NOW. The February total of 81,351 loan modifications brings the total number of permanent loan modifications since 2007 to 6.23 million.
During February, 65,965 homeowners received proprietary loan modifications, and 15,386 homeowners received Home Affordable Modification Program modifications.
‘More than 158,000 loan modifications have been completed in the first two months of 2013, and outreach to at-risk homeowners by the industry, nonprofits, government agencies and others remains proactive,’ says Eric Selk, executive director of HOPE NOW. ‘These results are a testament to the hard work being done on behalf of the nation's homeowners. There are more options than ever before and the goal is to offer viable, realistic and sustainable solutions.’
