As of the end of May 2024, about $22 billion in loans received modifications by lenders. Just in 2024, there were $9 billion in modifications, "placing 2024 squarely on a path to a record-setting year of loan modifications." In 2023, the total modifications were $16.8 billion. The average monthly volume of modifications was $1.8 billion, with April seeing the highest volume of $3 billion" https://lnkd.in/ey_UMhb6