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The number of homeowners who completed HAMP's mandatory 90 day trial period and were converted into permanent load modification status rose 68,000 to 299,092 in April. This is a 13 percent increase over the number of permanent modifications reported up until the end of March. MND has discussed recent Administration initiatives to motivate servicers to play a bigger role in helping families save their homes, but we wonder if servicers are totally to blame or if the Administration is starting to scramble as the HAMP program may be close to helping all who are capable of being helped. ...

Treasury Secretary Geithner today appeared before the Senate Financial Services and General Govt. Subcommittee. He made the following statement: "I want to be clear that we do not believe servicers are doing enough to help homeowners – not doing enough to help them navigate the difficult and often frightening process of avoiding foreclosure."...

"We have come up with some interesting ideas ... to enable some additional people to participate in this program, who may be unemployed or who need principal reductions and we look forward to speaking with you very very soon about these ideas," Herb Allison, Treasury assistant secretary for financial stability, told lawmakers on the House Oversight and Government Reform Committee. ...

U.S. Treasury Secretary Henry Paulson pledged a smooth and effective transition for the new Treasury secretary. In a statement issued today, Paulson congratulated President-elect Obama for his win, commenting that he would like to see the Obama team "hit...

Speaking in an interview with NBC on Saturday, U.S. Treasury Secretary Henry Paulson said government had no plans to inject capital into Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Max despite poor earnings reports from both institutions in the second quarter.

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