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Home Affordable Modification Program (HAMP) Performance Summary Updated through June 30, 2022 Although the Making Home Affordable (MHA) Program is now closed, servicers continue to perform certain functions, such as receiving and disbursing financial incentive payments, processing interest rate step-ups, and reporting the payment status of modified loans to Treasury’s system of record. Treasury continues to monitor remaining activities and publish relevant updates on www.financialstability.gov, where additional information regarding MHA can also be found. The tables below show the total number of HAMP permanent modifications ever begun, and their performance by type, with the delinquency percentages of modifications that have aged to, or past, the number of months noted. Once a loan is Paid-Off or Withdrawn, the loan is no longer included in future months thus reducing the total number of permanent modifications started. If Paid-Off and Withdrawn loans were to remain included in the total number of permanent modifications started for future months, as an example, the 90+% category for permanent modifications that have aged 60 months would improve by 2.9% for HAMP Tier 1, 5% for HAMP Tier 2 and 4.7% for Streamline HAMP, respectively. Common factors driving HAMP modification performance include the amount of the reduction in the monthly mortgage payment, the length of the homeowner’s delinquency at the start of the trial modification and the homeowner’s credit score at the time of modification. The majority of homeowners who disqualify from a HAMP permanent modification receive an alternative to foreclosure or resolve their delinquency. Performance of HAMP Permanent Modifications - Tier 1 Modification Effective Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 All Permanent Modifications Started 63,359 532,484 339,311 195,894 147,264 86,433 58,370 37,192 13,134 1,473,441 Month 6 60+ % Month 12 90+ % 10.7% 11.0% 8.4% 7.0% 6.5% 7.4% 8.4% 9.1% 9.4% 9.0% 6.7% 6.7% 5.3% 4.3% 3.8% 4.7% 5.3% 5.7% 6.0% 5.5% 60+ % Month 24 90+ % 20.8% 19.4% 15.9% 13.2% 12.2% 13.4% 15.0% 16.7% 17.0% 16.5% 16.3% 15.6% 12.7% 10.3% 9.5% 10.6% 11.8% 13.0% 13.7% 13.1% 60+ % Month 36 90+ % 31.9% 30.8% 26.1% 21.3% 19.4% 20.9% 23.7% 25.5% 24.8% 26.3% 28.8% 28.0% 23.7% 19.0% 17.3% 18.8% 21.2% 23.2% 22.0% 23.8% 60+ % Month 48 90+ % 37.5% 36.6% 30.0% 24.6% 22.1% 24.6% 27.6% 28.6% 29.3% 30.8% 39.9% 38.6% 31.8% 26.2% 23.7% 26.3% 29.3% 30.6% 31.1% 32.6% 60+ % Month 60 90+ % 45.2% 43.1% 35.9% 29.8% 27.9% 30.8% 32.8% 36.7% 35.7% 37.0% 43.4% 41.6% 34.6% 28.6% 26.5% 29.5% 31.4% 35.6% 35.1% 35.6% 60+ % Month 72 90+ % 49.2% 46.7% 39.4% 33.6% 31.8% 33.9% 38.1% 39.6% 38.8% 40.7% 47.8% 45.6% 38.5% 32.6% 30.8% 32.8% 37.3% 39.1% 38.2% 39.7% 60+ % 90+ % 54.2% 51.4% 44.5% 37.8% 34.9% 40.0% 42.6% 44.7% 53.2% 50.6% 43.6% 37.0% 34.0% 39.3% 42.3% 44.1% 45.4% 44.6% Performance of HAMP Permanent Modifications - Tier 2 Modification Effective Year 2012 2013 2014 2015 2016 2017 All Permanent Modifications Started 1,356 37,327 48,915 58,640 53,305 20,225 219,768 Month 6 60+ % Month 12 90+ % 9.8% 13.1% 12.3% 13.5% 13.2% 12.2% 12.9% 5.4% 7.8% 7.1% 7.9% 7.6% 7.0% 7.5% 60+ % Month 24 90+ % 23.5% 22.5% 20.9% 22.6% 22.9% 21.1% 22.2% 17.3% 17.3% 16.2% 17.5% 17.7% 16.7% 17.2% 60+ % Month 36 90+ % 33.3% 32.3% 31.0% 33.8% 33.5% 29.5% 32.5% 28.5% 28.9% 27.6% 30.2% 30.1% 26.3% 29.0% 60+ % Month 48 90+ % 38.9% 37.4% 38.1% 40.5% 38.6% 36.0% 38.5% 34.3% 34.9% 35.5% 38.1% 36.2% 34.2% 36.1% 60+ % Month 60 90+ % 42.0% 43.5% 43.8% 44.2% 44.9% 39.9% 43.8% 39.7% 41.5% 42.0% 42.3% 43.7% 39.2% 42.1% 60+ % Month 72 90+ % 47.6% 47.2% 47.2% 50.0% 46.8% 43.2% 47.5% 45.7% 45.9% 45.9% 49.2% 46.2% 42.5% 46.6% 60+ % 90+ % 48.5% 51.4% 56.5% 57.3% 58.3% 47.2% 50.2% 55.8% 56.9% 57.7% 55.8% 55.2% Performance of HAMP Permanent Modifications - Streamline HAMP Modification Effective Year 2016 2017 All Permanent Modifications Started 27,480 17,055 44,535 Month 6 60+ % 22.1% 18.7% 20.8% Month 12 90+ % 14.3% 11.4% 13.2% 60+ % 33.5% 33.5% 33.5% Month 24 90+ % 27.7% 27.2% 27.5% 60+ % 45.6% 43.6% 44.8% Month 36 90+ % 41.9% 39.9% 41.1% 60+ % 52.5% 51.0% 51.9% Month 48 90+ % 50.0% 48.8% 49.6% 60+ % 60.3% 54.9% 58.2% Month 60 90+ % 59.3% 54.2% 57.3% 60+ % 59.9% 58.0% 59.2% Month 72 90+ % 59.3% 57.1% 58.5% 60+ % 90+ % 66.5% 65.8% 66.5% 65.8% Note: This report is based on data as reported by MHA servicers. Loan payment status is not reported by servicers after program disqualification (90+ days delinquent). Therefore, 90+ days delinquent loans are included in each of the 90+ days delinquent metrics for all future reporting periods, even though some loans may have cured or paid off following program disqualification. In addition, if a loan is reported as paid-off or withdrawn it is no longer reflected in future periods.
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