Tuesday, July 20, 2010

Link Correction: Oregon Permanent HAMP Loan Modifications Exceed Trial Modifications for First Time At End of June, But Pace of Increase Slowed.

 I noticed a problem with link to the tables I had constructed, and have made the correction below. Apologies to all

As I projected in last months summary of HAMP activity for Oregon (HERE) , permanent HAMP loan modifications exceeded trial loan modifications for the first time at the end of June. 

I have broken out HAMP loan modification data for US, Oregon, AND for Oregon metro areas [Bend, Corvallis, Eugene, Medford, Portland, Salem) through June in tables I constructed HERE.

Some Oregon Observations:

  1. Oregon's inventory of active trial loan modifications continue to shrink to 4,017, that's down by (4,871) or 55% since the start of the year.
  2. Oregon inventory of active permanent loan modifications continues to increase, reaching 4,389, an increase of 402% (3,514) since the start of the year. This 402% rate of increase is less than the national rate of permanent loan modification increase of 486%.
  3. Oregon's permanent loan modification active inventory increased by 471 in June, but this monthly increase was down from 499 increase in May and 741 increase in April.
The National Housing Scorecard through June is HERE; the national HAMP report through June is HERE.

Originally created and posted on the Oregon Housing Blog.

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