Friday, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) released an updated servicer performance report for the Home Affordable Modification Program (HAMP) through December. According to the Treasury and HUD, “HAMP was designed to offer through 2012 up to 3-4 million homeowners reduced monthly mortgage payments that are affordable and sustainable over the long-term.” As discussed in the December report and Friday’s release, “in aggregate, homeowners have saved over $1.5 billion through modifications” and “more than 110,000 permanent modifications have been approved.” The report also shows a substantial increase in the number of recent modifications, noting that “in the 4th quarter, the volume of active trial and permanent modifications rose by more than 75% from the 3rd quarter.”