Wednesday 22nd of February 2012
| More failed HAMP trials end in foreclosure |
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Jon Prior at Housing Wire writes January 17: Mortgage servicers are putting more failed Home Affordable Modification Program trials through foreclosure than they were one year ago. According to Treasury Department data released last week, 10.6% of the more that 615,000 canceled HAMP trials completed the foreclosure process as of Nov. 1. That's more than double the 4.4% of failed HAMP trials foreclosed on as of November 2010. Read more: http://www.housingwire.com/2012/01/16/more-failed-hamp-trials-end-in-foreclosure |
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