According to February 2010 data from the Hope Now alliance and the Treasury's Home Affordable Modification Program a total of 148,000 loan modifications were provided to homeowners, of which 52,905 were HAMP modifications. Hope Now estimates 95,586 homeowners received proprietary loan modifications for the month. Approximately 78% of the proprietary loan modifications completed in February included reduction of principal and interest, and a lower monthly payment for at-risk homeowners. Data also showed that foreclosure starts and sales dropped 17% for the month, along with a 4% decrease in the number of 60+ day delinquencies. The total number of loan workout plans provided to homeowners (including repayment plans) in February was 279,831.
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