The 45 Home Affordable Modification Program servicers are now on track to meet the Obama administration's initial goal of starting 500,000 trial modifications by Nov. 1, according to Treasury assistant secretary Michael Barr.

Servicers participating in the administration's Home Affordable Modification Program (HAMP) had over 360,000 homeowners in 90-day trial modifications as of Aug. 31, up from 235,000 in July, according to the latest Treasury report.

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