Oregon Perm HAMP Loan Mod Inventory Continues Up, Seems Likely to Exceed Trial Loan Inventory by End of June.

New national HAMP status report as of end of May from Treasury is HERE. 

I have broken out HAMP loan modification data for US, Oregon, and Oregon metro areas in tables I constructed HERE. 

Some Oregon observations as of the end of May: 

1. Oregon inventory of active trial loan modifications continue to shrink, down by 43% since start of year. 
2. Oregon inventory of active permanent loan modifications continues to increase, reaching 3,918, an increase of 348% since January 1.This is somewhat less than the national rate of permanent loan modification increase of 413%.
3. Following trend in items 1 and 2, it seems likely that Oregon inventory of permanent loan modifications will for the first time exceed inventory of trial loan modifications at the end of June. (Note that at start of year, permanent loan modification inventory was less than 1/10th the inventory of trial loan modifications)
4. Oregon permanent loan modifications increased by 499 in May, but this was down from 741 increase in April.

Originally created and posted on the Oregon Housing Blog.