Mortgage servicers are still providing loss mitigation efforts to keep homeowners in their properties even as the foreclosure inventory continues to fall nationally.

More than 116,000 homeowners received a modification from a mortgage servicer during the second quarter, according to Hope Now data. Loan modifications completed under the Home Affordable Modification Program accounted for 34,400 of the quarterly total, while the remaining 81,753 were proprietary modifications, Hope Now said in a report released on Thursday.

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