St Louis Real Estate – Permanent Loan Modifications under HAMP triples in December

Dennis Norman

This week the Treasury Department issed a report which included stats on the Home Affordable Modification Program (HAMP) which is part of the Obama administrations’ Making Home Affordable Program and “is a loan modification program designed to reduce delinquent and at-risk borrowers’ monthly mortgage payments”. The HAMP program got underway around March of this year and is set to expire December 31, 2012. According to the government website HAMP is intended to help keep “3 to 4 million Americans in their homes by preventing avoidable foreclosures.”

Permanent modifications triple in December from November:

According to the report there was great progress made in December with getting borrowers moved from the trial loan modification period to a permanent modification. Last month when I wrote about the November report there were just a little over 30,000 permanent loan modifications done since the program started, however the December report shows that over 112,000 permanent loan modifications have been done or offered to borrowers.

Here are highlights from the report:

  • Number of Trial Period Plan Offers Extended to Borrowers (Cumulative) – 1,164,507
  • All HAMP Trials Started Since Program Inception – 902,620
  • All Active Modifications (Trial and Permanent) – 853,696
  • Active Trial Modifications – 787,231
  • Permanent Modifications – 66,465
  • Permanent Modifications Pending Borrower Acceptance – 46,056
  • Total Permanent Modifications Approved by Servicers – 112,521

hamp-dec-2009-hardship-chart

hamp-dec-2009-chart-showing-activity-by-state

Print Friendly, PDF & Email

32 comments to St Louis Real Estate – Permanent Loan Modifications under HAMP triples in December

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Read More on on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More Information here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Information on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • I very like this blog. Everything is cleared.

  • … [Trackback]

    […] Find More Info here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More here to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • W88

    … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] There you can find 91170 more Information to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Info on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Read More to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • My brother suggested I might like this website. He was totally right.
    This post truly made my day. You cann’t imagine simply how much
    time I had spent for this information! Thanks! adreamoftrains best hosting

  • … [Trackback]

    […] Read More to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • I simply want to say I’m new to blogs and truly savored you’re web site. More than likely I’m want to bookmark your website . You actually come with tremendous writings. Thanks a bunch for revealing your website.

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Read More on on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] There you will find 56034 more Information to that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Read More Information here to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Read More on that Topic: stlouisrealestatenews.com/interest-rates-financing/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/financing/st-louis-real-estate-permanent-loan-modifications-under-hamp-triples-in-december/ […]

  • It’s difficult to find knowledgeable people for this subject, however, you seem like you know what you’re talking about! Thanks

  • Ysubto kwnhnn [url=https://ciamedusa.com/#]buying cialis online safely[/url] 20mg cialis spoken kalpak and menopause

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>