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

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Private Mortgage Loan Modifications

There have been 119,585 homeowners who have received a loan modification by submitting their loan through a private program in the month of September.  There were only 27,480 loan modifications completed by the HAMP Program.  When a homeowner applies for a loan modification the lender submits their scenario through the HAMP Program. If the borrower does not qualify for The HAMP Program, they then determine if the homeowner would be able to receive a loan modification through a private program.  There has been a total of 1.4 million loan modifications completed in 2010.