Hope Now

Modification Aid Gap Continues Between Prime, Subprime 

New data released this week by the HOPE NOW coalition of servicers, lenders and investors shows a continued disparity between the modification help given to prime borrowers over subprime borrowers. The ratio of repayment plans to modifications for prime borrowers during January was 2.23 percent — up from 1.95 percent in December — while for subprime borrowers that ratio was 0.53 percent — unchanged from December’s data.