Foreclosure programs aid 1.6 million homeowners: Obama Scorecard

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.

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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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Obama's Help for Homeowners WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the April edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress across.

More than 1.6 million homeowner assistance actions have taken place through the Making Home Affordable Program, including more than 1.1 million permanent modifications through HAMP, while the Federal Housing Administration (FHA) has offered more than 1.8 million loss mitigation and early delinquency interventions.

Chase, Wells Fargo lead in HAFA short sales. participating in the government’s Home Affordable Foreclosure Alternatives (HAFA) program, 1.6 million homeowners have received trial loan.

“The Obama. programs, including: The Administration’s foreclosure prevention programs are providing relief for millions of homeowners as we continue to recover from an unprecedented housing crisis..

The June Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including: The Administration’s foreclosure mitigation programs are providing relief for millions of homeowners as we continue to recover from an unprecedented housing crisis.

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Citing recent RealtyTrac data, the obama administration reported foreclosures. Housing Scorecard highlighted the impact made by the administration’s Making Home Affordable Program, which was.

WASHINGTON — The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states. The Treasury Department said Wednesday that mortgage-assistance.

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Housing Scorecard Mixed, But Shows Improvement. by Chicago Agent. "We’re continuing to see a slight improvement in home prices and a decline in mortgage defaults as our foreclosure prevention programs reach more borrowers upstream in the process.. This includes more than 1.6 million.