While some homeowners may have received help from more than one program, the number of agreements offered were more than double the number of foreclosure completions for the same period (1.6 million).
The three lenders had received about $24 million from the government as of last month. The program, launched in 2009, was intended to help those at risk of foreclosure by lowering their monthly.
Below is a recent press release from The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury on the latest housing scorecard under the Obama administration.The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low interest rates.
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The July Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including: · Fewer homeowners fell..
NEW YORK (CNNMoney) — It might get easier for some homeowners to refinance their mortgages, but that won’t do much to help the broader housing market. The Obama administration Monday announced.
The housing scorecard is a comprehensive report on the nation’s housing market. "The Obama Administration’s broad set of programs have helped promote stability for the housing market, neighborhoods, and the nation’s homeowners, but there is much more work to be done," said HUD Assistant Secretary Raphael Bostic.
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More than 29,000 troubled American homeowners have been stuck in mortgage modification purgatory for at least a year, with no end in sight, under the Obama administration’s anti-foreclosure program, according to a recently released report from a watchdog panel appointed by Congress.
She also supported the bill that kept businesses from getting $96 million in state tax cuts that they otherwise would have received as the result of the passage of President Barack Obama’s. through.
President Barack Obama announced with fanfare on Oct. 24 that he was bypassing "an increasingly dysfunctional Congress" and issuing federal rules to offer relief for struggling homeowners who may soon be facing foreclosure. Speaking in Las Vegas, one of the cities in the united states hardest hit by the ongoing foreclosure crisis, Obama outlined a plan that would offer help to an estimated.
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Another program under MHA that received an extension was the Home Affordable Foreclosure Alternatives (HAFA) program, which has helped about 154,000 homeowners avoid foreclosure through a short.