Sentence examples for modification is canceled from inspiring English sources
In the report, Treasury stated that a "HAMP permanent modification is canceled for nonpayment if it is more than 90 days delinquent".
While millions say they need help avoiding foreclosure and many struggling households applied, data released Friday showed the dropout rate from the Making Home Affordable Program was very high: 96,000 trial modifications were canceled by lenders in July.
The legislation states that "many homeowners whose modifications were canceled suffered because they made futile payments -- some were even forced into foreclosure as a result".
The dominant noise source is canceled by the noise-canceling technique.
Many modification have been canceled while still in the preliminary stages, and according to SIGTARP estimates, HAMP is now only on track to help about 800,000 homeowners.
According to the Treasury Department's most recent data, the program has resulted in permanent modifications for 630,000 homeowners, while more than 850,000 HAMP modifications have been canceled.
He asked Mr. Geithner why thousands of mortgage modifications had been canceled.
Nearly 1 million trial and permanent modifications have been canceled.
However, 932,449 trial and permanent modifications have been canceled since the program began, according to the Treasury Department, including more than 170,000 borrowers who have missed three or more payments even after getting permanent modifications, leaving only 762,839 active permanent modifications.
In addition to the 529,000 trial and permanent modifications that have been canceled, 166,000 active modifications in the temporary trial phase were initiated at least six months ago.
