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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com

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HAMP Statistics


Statistics show that 1 out of every 5 homeowners who received a loan modification were at least 60 days late on their new modified loan.  The US Treasury Department stated that the HAMP Program had a re-default rate average of 20.44 percent after 12 months, 15.9 percent after nine months, and 10.7 percent after six months and 4.6percent after three months.  There has been a total of 531,630 permanent loan modification completed as of December 31, 2010.  Initially, The HAMP program was expected to modify three to four million homeowners who were facing foreclosure.