US Department of the Treasury Press Release
April 16th, 2010
Administration Releases March Loan Modification Report
Homeowners Have Saved a Cumulative $3 Billion Under HAMP to Date
WASHINGTON - The U.S. Department of the Treasury and the Department of Housing and Urban Development today released March data for the Administration's Home Affordable Modification Program (HAMP). As of the end of the month, more than 1.4 million homeowners received offers for trial modifications, and more than 1.1 million borrowers were receiving a median savings of $500 each month. Permanent modifications have been granted to more than 230,000 homeowners, and an additional 108,000 permanent modifications have been approved by servicers and are pending only borrower acceptance. Homeowners' lower monthly mortgage payments under HAMP represent a cumulative savings of more than $3 billion.
The March HAMP report can be found here: http://www.makinghomeaffordable.gov/docs/Mar%20MHA%20Public%20041410%20TO%20CLEAR.PDF
To view the online Press Release, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.