The nation’s mega servicers are increasing their use of principal reductions in modifying loans as they fulfill obligations under the $25 billion robo-signing settlement with the state attorneys general and federal agencies, according to new figures released by the Treasury Department.  

A new Home Affordable Modification Program report released by Treasury found that roughly 70% of “eligible non-GSE loans entering HAMP in recent months have received some form of principal reduction with their modification.”

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