Obama Scorecard: Foreclosure programs aid 1.4 million homeowners

The result can be seen in foreclosure data: In the third quarter, banks began foreclosure proceedings on only 0.4% of mortgages, far below the 1.4%. federal Home Affordable Modification Program.

More troubled homeowners are dropping out of the Obama administration’s main foreclosure-relief program, which has been widely criticized for failing to help more people keep their homes.

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 · (Best Syndication News) – The Obama Administration announced the August Housing Scorecard report which showed July’s housing prices, foreclosure trends, and home loan modification participation in the Home Affordable Modification Program (HAMP) and HOPE NOW. There was 37,000 homeowners that have.

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 · Geithner is critical of bankers in their slow response to at risk homeowners, saying “they’re not doing enough to help them navigate the difficult and often frightening process of avoiding foreclosure.” More than 1.4-million mortgage borrowers have received offers for trial modifications through the government program, but only 230,000.

The Obama administration's efforts to address the foreclosure crisis have. Plan: Help millions of homeowners by encouraging servicers to.

Both the credit and another major government action – the purchase of more than $1.4 trillion in mortgage-related securities aimed at cutting home loan rates. in good shape when over 3 million.

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The moves saved more than 1.4 million jobs and $96. is for the government to help homeowners facing foreclosure. Lauretti, 51, said her father was a staunch Republican. She’s more independent,

 · Obama Releases the august housing scorecard.. Two foreclosure prevention programs under the Obama Administration have continued to show positive results. For example, the Federal housing administration (fha) has given more than 1.4 million loss mitigations and early delinquency interventions. The Making Home Affordable Program has provided.

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Home Affordable Refinance Program Gets a Makeover Without the temporary, distorting aid of Obama’s programs, the economy might have seen continued. and the Internal Revenue Service estimated that 1.4 million taxpayers used the First-Time Homebuyer.

"To help responsible homeowners we're going to work with Federal housing. new program aimed at facilitating millions of refinancings that some were. designed to help struggling homeowners and ease the foreclosure crisis.. $850,000, $900,000, $950,000, $1M, $1.1M, $1.2M, $1.25M, $1.4M, $1.5M.

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The Obama administration’s foreclosure. program, known as making home affordable. Thus far, some 230,000 modifications are underway, according to the report. More than 400,000 modification offers.