Loan Modification StatisticsLoan Modification Statisticshttp://www.nash-law.com/loan-modification-statistics/2011-09-29T14:33:53ZSquarespaceLoan Modification Statisticshttp://www.nash-law.com/loan-modification-statistics/2011/9/29/loan-modification-statistics.htmlNash Law Firm2011-09-29T14:30:21Z2011-09-29T14:30:21Z

Second Lien Modification Program Activity

(source: Making Homes Affordable June 2011 Report)


All 2nd lien Mod's started                     33,715  

2nd Lien Mod's Involving Full 
Lien Extinguishments                             2,564   

2nd Lien Mod's Disqualified                      283

Active 2nd Lien Modifications              30,863

Second Lien Extinguishment Details
(source: Making Homes Affordable June 2011 Report)

Average Amount of                            $67,371
Full Extinguishment

Average Amount of                              $6,181 
Partial Extinguishment

Second Lien Mod Activity by Servicer

                     2nd Lien Modifications                         
Servicer     Started     Full Ext.    DQ     Active
                                                               Partial/Mod's                                                        
BofA             14,734       1,377       135     13,222

Citi                  4944          719         21        4,132

GMAC              1141            32          0         1,109

JP Morgan      4710              0         65        4,645
Chase

Wells Fargo   7,143          111         62       6,970

Other SPA      1,043          253          5           785
Servicers

Total             33,715       2,564       288    30,863

 

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