HAMP Participation Below Par For Most Non-Prime Servicers
September 11, 2009
Most non-prime servicers participating in the Home Affordable Modification Program have so far been less successful than the industry overall, according to a new analysis by Inside B&C Lending. Based on the average share of trial HAMP mods initiated by all servicers, only three servicers that predominantly handle non-prime mortgages had above-average participation... [Includes one chart]