The Real Deal Miami

Foreclosure prevention program improving

January 26, 2011 10:45AM

The Treasury Department reported that more than 30,000 homeowners
permanently lowered their mortgage payments last month through the
government’s Home Affordable Modification Program. Those using the
program increased in number to 579,650 last month, which was 5.5 percent
more than the previous month. Borrowers continue to fail out of the
program more quickly than they join, however. There are a total of
58,020 canceled, a 30 percent increase from the 44,972 reported in
November, according to the Treasury report.