Bank of America completed 23,500 permanent Home Affordable Modification Program (HAMP) modifications in April, almost double what it processed the previous month.

The nation's largest servicer of residential loans is becoming more proficient in the use of the HAMP, which requires servicers to reduce a borrowers' mortgage debt to 31% of income, and put the applicant through a three-month payment trial before qualifying him for a permanent modification.

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