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Loan Modification Progress Chart

The State of the Government's Loan Modification Program

Total Number of Trial Mods Started: 0

Visit our Foreclosure Crisis Page for our complete coverage of the government's foreclosure prevention program.

This Treasury Department data, reflecting activity through February 2019, shows how the largest mortgage servicers participating in the administration's $75 billion foreclosure prevention program have been performing.

Name Trial Mods Started In Trial "Aged" Trials Canceled
Trials
Permanent Mods Canceled Mods
Only GSE servicers
182K
Google Chart
3.4%

6,127

0.7%

1,252

33.5%

61.1K

52.3%

95.5K

10.2%

18.6K

Smaller servicers
190K
Google Chart
2.2%

4,137

0.3%

584

41.0%

78.1K

46.3%

88.1K

10.2%

19.4K

Note: The program features a 3-month trial period for modifications before they’re eligible to become permanent. However, many trials have lasted much longer. The "Aged" column shows how many trials were older than six months at each servicer as of June 2012, while the "In Trial" shows trials that had not yet lasted that long.

Treasury only released data for the ten largest servicers. In the chart above, "Smaller servicers" refers to all other servicers enrolled in the program. "Only GSE servicers" refers to companies that have not enrolled in the Treasury Department programs, but do service loans owned or guaranteed by Fannie Mae or Freddie Mac.

Of the 224,668 canceled permanent modifications, 4,982 were canceled because the homeowner paid off the loan. The rest resulted from the homeowner missing three consecutive monthly payments.

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