Obama Scorecard: Foreclosure programs aid 1.4 million homeowners

Obama’s April Housing Scorecard Finds Stability Returning to Marketplace.. More than two million homeowner assistance actions have taken place through the Making Home Affordable Program, including nearly 1.4 million permanent modifications through the Home Affordable Modification Program.

'Obama housing plan fails' These actions included more than 1.4 million HAMP trial modification starts, more than 650,000 FHA loss mitigation and early delinquency interventions, and nearly 2 million proprietary modifications under HOPE Now. While some homeowners may have received help from more than one program, the number of agreements offered was more than double the.

However, this month’s report also shows that home prices and home equity declined moderately, as prices remain unsettled at this fragile stage of the recovery. More than 3.9 million mortgage aid offers were initiated between April 2009 and the end of October 2010 -more than double the number of foreclosure completions during that time.

 · Obama launched his "homeowner bailout," Making Home Affordable, in the spring of 2009, with the aim of helping at least 3 million to 4 million homeowners avoid foreclosure. The program gives banks.

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The full report is available online at hud.gov/scorecard. “With almost half a million families taking advantage of our enhanced Home Affordable Refinance Program – standing to save on average $2,500 per year – and more than 51,000 applications for the FHA Streamline Refinance Program in the first ten days following the recent premium.

e Obama Administration’s E orts To Stabilize e Housing Market and Help american homeowners july 2012. more than 1.4 million loss mitigation and early delinquency interventions. The Administration’s programs continue to

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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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 · Back in early 2009, Obama promised to help “as many as 3 to 4 million homeowners to modify the terms of their mortgages to avoid foreclosure.” But just 816,000 homeowners have received permanent mortgage modification through federal housing programs.