HOPE NOW: Mortgage Workouts Top One Million

``Workouts included 758,000 repayment plans initiated and 278,000 loan modifications, the group said... The result of the rate-freeze program thus far has been a dramatic jump in loan modifications, according to the data. In January, for the first time, subprime modifications are almost equal to the number repayment plans: 45,320 loan modification were recorded, against 48,155 repayment plans. Given the danger that can arise from a strong reliance on repayment plans, a rise in loan modifications should be seen as a net positive according to various sources that spoke with HW.''