Obama Scorecard: Foreclosure programs aid 1.4 million homeowners

More than 3.9 million loss mitigation actions were started between April 2009 and the end of October 2010 -more than double the number of foreclosure completions during that time. These actions included over 1.4 million Home Affordable Modi cation Program (HAMP) trial modi cation starts, more than 600,000 Federal Housing

Based on data compiled in the latest ""housing scorecard"":http://portal.hud.gov/hudportal/documents/huddoc?id=HUD-499NovNat2012_SC_1.4.pdf, the Obama. million homeowner assistance actions have.

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Obama Administration Releases June Housing Scorecard.. The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.

A bright spot in the report highlighted the Obama. aid has outpaced foreclosures. The Making Home Affordable Program has helped 2 million homeowners, while the Home Affordable Modification Program.

'Obama housing plan fails' 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.

In a February 2009 speech in Arizona, Obama announced housing initiatives that he said would help between 7 million and 9 million homeowners avoid foreclosures. But the two major programs. offered.

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That’s why we’re committed to continuing to provide help to homeowners by implementing the broad range of programs the Obama Administration has put in place.". 1.4 million hamp trial.

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