More seeking mortgage modifications

Americans made loan modifications to 1.76 million mortgages last year, with about two-thirds of the modifications performed through private mortgage servicers, and one-third of them through the federal government’s Home Affordable Modification Program (HAMP).

The data, released on Wednesday by the private coalition of mortgage lenders HOPE NOW, also showed that mortgage modifications jumped more than 40 percent from 2009 to 2010. There were 1.24 million loan modifications in 2009.