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Where home loan modifications convert to permanent home loan modification under the Home Affordable Modification Program (HAMP). The December data demonstrates a significant acceleration in the rate at which borrowers are being approved for loan modification. More than 110,000 permanent home loan modification applications have been approved, including 66,000 that borrowers have accepted and 46,000 awaiting only the borrower's signature. Under HAMP, more than 850,000 homeowners have had a median payment reduction exceeding $500. You can get detailed information from : The Administration has taken steps to assist giving homeowners the opportunity to participate in HAMP or Obama Loan Modification program. Administration representatives ensure that servicers increased efforts to deliver decisions to borrowers in trial modifications who have submitted all of their documents and to obtain any missing documents.. The Administration also implemented a temporary review period to ensure that all borrowers are being fairly evaluated for the program. HAMP was designed to offer through 2012 up to 3-4 million homeowners reduced monthly mortgage payments that are affordable over the long-term. Several million homeowners are

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