The percentage of HAMP modifications completed by mortgage servicers fell 10% in July from the prior month while the percentage of proprietary restructurings rose 11%, according to new government figures.

The Treasury Department reported late this week that servicers completed 28,300 modifications (including 2,328 with principal reductions) that met the specifications of the government's Home Affordable Modification Program. Servicers completed 31,600 HAMP modifications in June.

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