Saxon, Citi & GMAC Score Well on HAMP
Posted on November 11, 2009
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Saxon Mortgage Services Inc.has started trial Home Affordable Modification Program modifications on 44 percent of its borrowers who are at least 60 days past due, according to data released by the U.S. Department of the Treasury. It was the highest ratio among HAMP servicers. The second-best performer was CitiMortgage Inc., which has started trial modifications on 40 percent of its delinquent borrowers. With trial plans extended to 35 percent of its delinquent borrowers, GMAC Mortgage Inc. had the third highest rate of trial plans started.
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