Loan mods up 20 percent in Q1

In the first quarter, homeowners received 245,000 permanent loan modifications, 42,157 of which were through the U.S. Home Affordable Modification Program, according to Hope Now, a group of nonprofit counselors, mortgage companies, investors and other mortgage market participants.

That total is 20 percent more than the 203,000 loan modifications the group recorded for the first quarter of 2012.

HopeNow

Source: Hope Now