More Loan Mods Get Approved

> HAMP Stats Increase in November with Permanent
Mods Topping 500K

The government's key foreclosure prevention program has put 504,648
distressed homeowners into permanently modified loans since its launch in
March 2009. Treasury released new numbers for the Home Affordable
Modification Program (HAMP) Wednesday, and in addition to crossing the 500K
threshold, the data show that servicers stepped up their use of the program.
Permanent modifications in November rose 26 percent compared to October, and
20 percent more trial mods were started.



Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

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