The latest numbers from the Obama administration’s Home Mortgage Affordability Program (HAMP) have been released, indicating that Citigroup’s CitiMortgage unit has made 22,455 permanent home loan modifications as of the end of March, up from 15,607 permanent modifications at the end of February.
Citigroup has made either permanent or trial mortgage modifications for 47% of homeowners that are eligible for loan modifications, down from February’s percentage of 52%.
Back in January, Citigroup had only made 10,929 permanent mortgage modifications. Since then, the company has stepped up its efforts and have nearly doubled the amount of modifications it has made during the first quarter.
