October HAMP report card shows servicers making progress by ProQuest


The latest monthly scorecard is out from the Treasury Department on the number of trial modifications started under the Home Affordable Modification Program, and it shows ongoing progress by servicers. Saxon Mortgage Services Inc continues to lead all other participating servicers with the highest share of estimated eligible 60-day-plus late mortgages with trial mods started (44%). CitiMortgage Inc posted a big jump in its share of trial mods actively under way in October compared with its September percentage. It went from 33% in September to 40% in the October report.

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