In the first quarter of this year, Bank of America loaned $70 billion to 320,000 customers to purchase a home or refinance their existing first mortgage.
Thus we can see that BOA has modified about 2 quaters worth of loans.
Tuesday, May 18, 2010
Bank of America Modified 0.6 million Loans Since Jan 2008
BOA has completed about 56,400 permanent mortgage modifications under Home Affordable Modification Program (HAMP), and has now completed a total of more than 600,000 modifications through all available programs since January 2008-- Among them, 115,000 were converted this year.
