The number of loan modifications completed in the third quarter of 2014 was lower than activity in other recent quarters, according to servicers and data from the Home Affordable Modification Program. While improved borrower performance contributed to the slowdown, some servicers suggest that changes in federal modification programs were also a factor. A total of 29,384 permanent HAMP mods were started in the third quarter of 2014, down 14.6 percent from ... [Includes one data chart]