Programs save 1.5 million homeowners: Obama Housing Scorecard

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The Making Home Affordable Program has assisted more than 1.4 million distressed borrowers since its inception, the Obama Administration said in its December Housing Scorecard report.

President Barack Obama will announce today during his visit to Las Vegas a new foreclosure rescue program, pumping $1.5 billion into Nevada and other hard-hit states to help housing agencies rework.

Mortgage rates hit all-time lows (again) Mortgage rates have reached an all time low since May 2013 and does not seem like it will go up despite rumors of Feds raising interest rates.. Mortgage Rates Hit All Time Low.. Again, tens of millions of hard working Americans have filed bankruptcy, had a foreclosure, had a deed in lieu.

Dampened consumption from unemployment drags down economic growth Congress and the Obama administration understand this. in the third quarter and saved or created upwards of 1 million to 1.5.

The Administration’s foreclosure mitigation programs are providing relief for millions of homeowners as we continue to recover from an unprecedented housing crisis. More than 1.6 million homeowner assistance actions have taken place through the Making Home Affordable Program, including more than 1.2 million permanent modifications through the Home Affordable Modification Program (HAMP), while the Federal Housing Administration (FHA) has offered more than 1.8 million loss mitigation and early.

e Obama Administration’s E orts To Stabilize e Housing Market and Help American HomeownersU.S. Department of Housing and Urban Development | Office of Policy Development and Research The Administration’s goal is to promote stability for both the housing market and homeowners. To meet these objectives in

The Obama Administration’s Response to the Housing Crisis. held off the market" has increased by about 1.5 million since 2005.. mitigation programs have also helped keep housing prices.

Nearly 1.5 million homeowner assistance actions have taken place through the Making Home Affordable Program, while the Federal Housing Administration (FHA) has offered more than 1.5 million loss mitigation and early delinquency interventions. The Administration’s programs continue to encourage improved standards and processes in the industry, with HOPE Now lenders offering families and individuals more than 3 million proprietary mortgage modifications through November.

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FL homeowners flock to principal reduction program Principal Reduction Alternative (PRA) – they encourage your mortgage lender to reduce the amount of principal owed. There are about 100 loan service providers who participate under PRA. The Home Affordable Foreclosure Alternatives (HAFA) Program – who are secured and eligible for the Home Affordable Modification Program (HAMP) but are not.

The Agency employs more than 500 individuals, with an annual operating budget of $187 million, and real estate assets valued at over $500 million. SAHA’s affordable housing programs include 71 public housing properties, more than 13,000 vouchers in the Housing Choice and Special Voucher programs, and 45 properties in a Mixed-Income Portfolio.