BofA Quadruples Completed HAMP Modifications
In January, BofA completed 12,700 permanent loan modificatios under the Home Affodrable Modification Program (HAMP), which is a a 4 fold increase over December's 3,200 permanent loan modifcations.
Yes, that's good news, but tell us what this means in context to number of applications in the pipeline. It's hard to determine meaning of statistic in isolation.
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More positive news about the ability of borrowers to continue paying their mortgages. https://mtg.mgic.com/newsroom/pressRelease.html?reqi...