Here at Woodstock Institute, we’re tracking the mortgage lenders active in the Chicago area to see how they’re performing on their commitment to reducing monthly payments for distressed homeowners. Check back here every month to see who’s getting better—or worse.
Here are the results for performance through July 2009:
Treasury Secretary Geithner implored servicers to ramp up their efforts on the Making Home Affordable program. We’ll see if that had any effect on modification activity when new data is released next month.