Alert August 11, 2009

Treasury Publishes Servicer Loan Modification Performance Report

The Treasury Department released its first Servicer Performance Report in connection with the federal Making Home Affordable loan modification program. The report provides cumulative data through July 2009. According to the report, 38 servicers have signed participation agreements to modify loans under the Making Home Affordable Program, 239,247 trial modifications have been started and 406,542 trial period plan offers have been extended to borrowers. Click here for Treasury's press release and here for the report.