In a report released by the Making Home Affordable Program, there are 2,510 permanent home loan mortgage modifications in North Carolina as of January 2010. North Carolina falls into the category of states that have between a 5.01% and 10% mortgage delinquency rate, which is below many states’ average.
It was also reported that 17,531 North Carolina homeowners in the Making Home Affordable Program were given trial home loan modifications as of the January report as well. North Carolina isn’t one of the highest rated states in terms of delinquent homeowners, but the unemployment rate for N.C. is one of the highest in the nation having reached above 11% at one point.
The Making Home Affordable Program, though met with may criticisms and troubles, is still in the works and lenders are still being watched and asked to make more home loan modifications permanent for homeowners who are struggling.
In December, North Carolina only had 1,535 permanent modifications made for homeowners, so there was a big jump to 2,510 within a month. Any N.C. resident in need of a mortgage modification or who is having trouble with the process should keep pressing forward as best they can.
