A new government report says delinquencies on permanent Home Affordable Modification Program loan modifications that are six months old are much lower than servicers' proprietary loan modification programs.

The latest Hamp figures show the redefault rate (loans 90 days or more past due) on 4,150 Hamp modifications completed in the third quarter of 2009 was only 2.3% after six months. The redefault rate on all loan modifications made during the third quarter of 2009 was 20%, according to a report issued Tuesday by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.

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