Mortgage mods up for first time in two years

LPS: FHA changes spur increase in February loan cures

Mortgage modifications increased significantly in the second half of 2012, reversing a two-year decline, according to a report released today by real estate data firm Lender Processing Services.

LPS said the majority of the increases in the third and fourth quarters of 2012 were proprietary modifications made outside the government-backed Home Affordable Modification Program (HAMP).