Foreclosure programs aid 1.6 million homeowners: Obama Scorecard

Obama's Help for Homeowners KEYWORDS American Red Cross Hurricane Sandy Hurricane Sandy New Jersey Relief Fund New Jersey The American Red Cross and the Hurricane Sandy New Jersey Relief Fund are providing a total of $15.2.

Nearly 1.8 Million Homeowner Assistance Actions Taken through making home. foreclosure with assistance from the home affordable foreclosure. 1as reported in the September 2013 edition of the Obama Administration's Housing Scorecard,. 1.6%. $654.19. 39%. 15 Metropolitan Areas With Highest HAMP Activity.

Is investing in housing a losing proposition? 7 Reasons Why Now Is a Great Time to Invest in Real Estate – Buyer’s Market. 3. People Prefer Houses to Apartments Right or wrong, there is often a stigma associated with finding an apartment for rent. If someone has owned a home, they might see it as a step backwards to move into an apartment.

The home of of Jose and Lissette Bonilla, two grocery store workers, was refurbished under a program paid for by the original 2009 economic stimulus plan, which was designed to stabilize communities.

Even with historic low interest rates, people are shunning home ownership in droves. Readers may have heard rumours in the last few days that the Fed is pushing a program. million properties.

Big Banks Prepare for Major Rise in Foreclosures Ending 2010 California AG Kamala Harris is not on board The big banks are all up nicely, in part, perhaps, because of a Fox Business report about how they’re about to sign a foreclosure-gate.

Report Highlights. More than 2 Million Homeowner Assistance Actions Taken through Making Home. or she is to keep up with their mortgage payments and avoid foreclosure. Payment. Borrowers with credit scores between 580-619 at the time of modification. 2014 edition of the Obama Administration's Housing.

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The program deadline was previously set to end Dec. 31, 2013. The Making Home Affordable Program is a critical part of the Obama administration’s efforts to provide relief to families at risk of.

Instead of putting a band aid on a problem, the Obama administration should allow the foreclosure process to work itself through. Fannie and Freddie are also part of the problem. Both own 70% of all.

According to the scorecard, more than twice as many modification agreements have been begun compared to foreclosure completions. servicers started more than 3.3 million mod agreements between April 2009 and July 2010, including 1.3 million through the Home Affordable Modification Program and more than 1.6 million through proprietary programs.

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.

 · Approximately 88,800 foreclosure prevention actions were completed during the first quarter, bringing the total to nearly 3.2 million since the start of conservatorships in September 2008. More than 2.6 million of these actions have helped troubled homeowners stay in their homes including 1.6 million permanent loan modifications.