The Treasury Department said the 38 servicers participating in the Home Affordable Modification Program (HAMP) are conducting more than 235,000 trial modifications and released its first monthly report on each servicer's performance.

"Today's report discloses performance on a servicer-by servicer basis in order to increase transparency for participating institutions. The data show that servicer performance is uneven," Treasury said. The report rated servicer performance in terms of trial modifications started in relation to the size of their portfolio of eligible loans that are 60-days or more pass due.

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