Loan Modification Fantasy League, How Bad Did Your Bank Do

As part of the Obama?s administration Making Home Affordable Program (HAMP) name and shame (or praise) initiative, every month a list of banks and mortgage providers is issued. The good banks are praised the bad ones are marked. The idea is to provide an extra incentive for providers to speed up their loan modification procedures. September?s Loan Modification league showed the winners and losers of the HAMP loan modification league. The league shows the order of the ?best? and ?worst? banks based on the percentage of loan modifications they carried out, or more accurately, they placed on a trial loan modification, from the total of eligible loans they had to work with. HAMP Winners Top Ten 1.    Saxon Mortgage Services, Irving, Texas (41%) 2.    Aurora Loan