- Mortgage servicers provided
loan workouts for 183,000 at-risk borrowers in
April. This is an increase of 23,000 from the number of
workouts in March.
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- The total number
of loan workouts provided by mortgage servicers since July
2007 has risen to nearly 1.6 million.
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- Nearly 106,000 of prime and
subprime loan workouts conducted by
mortgage servicers in April were repayment plans while
77,000 were loan modifications.
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- Nearly 603,000 subprime loans
were scheduled to reset between January and April.
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- Of those subprime loans,
30,545 (5.0 percent) have already been modified. Nearly 63
percent of these modifications are for five years or
longer..
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