The US Treasury said its foreclosure-prevention program has cut mortgage payments for about 947,000 households, at least temporarily.
That was the number of households benefiting from easier loan terms at the end of January through the Obama administration's Home Affordable Modification Program, known as HAMP. The total was up about 11% from a month earlier. The administration estimates that 1.7m households—about 3% of those with mortgages—are eligible for the program.
Wall Street Journal