Truth in Foreclosure

The chart below shows the January stats for the HAMP.  Click on the graphic to see a larger picture.

GMAC Leads the Pack

GMAC Mortgage, Inc leads the servicers with a stellar (compared to everyone else) rate of 19.54% of their eligible homeowners either being in a permanent modification or pending a permanent mod.

Wachovia In Last Place

Wachovia Mortgage, FSB is in last place (except for Franklin Credit that doesn’t have ANY permanent mods).  Wachovia had a paltry 1.39% of their eligible loans in permanent or pending permanent modification.

Industry Average is 5.66%

I put all these numbers into a spreadsheet to figure these percentages.  If you’d like to see it, you can download a pdf of the spreadsheet here.  It’s not very pretty but it’s got the percentages on it.

If you’d like to see the entire Treasury Department presentation I got this from, click here.

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