Re-default rates on Home Affordable Modification Program (HAMP) modified loans are half the rate of other permanent modifications, according to second quarter servicing figures complied by the Office the Comptroller of the Currency (OCC) and Office of Thrift Supervision (OTS).

The OCC/OTS Mortgage Metrics Report shows that the Home Affordable Modification Program's track record is better than proprietary modifications completed through the first quarter of 2010.

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