Foreclosure programs aid 1.6 million homeowners: Obama Scorecard

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.HOPE.

More than 5 million mortgage aid arrangements were started between April 2009 and the end of July 2011. While some homeowners may have received help from more than one program, the total number of aid offers is more than double the number of foreclosure completions for the same period (2.2 million).

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The June edition of the Obama Administration’s Housing Scorecard released on Friday showed that housing prices turned slightly upward while mortgage defaults continued to fall as have the numbers.

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.

Obama’s Housing Programs Have Helped Just 20 Percent Of The Homeowners They Were Supposed To. that there will be 3.6 million foreclosures in the. those programs would aid.

In a year, non-farm employment rose by 1.6 million. have railed against President Obama’s appointment of Richard Corday to head the Consumer Financial Protection Bureau. Despite the shame of.

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The changes represent the latest overhaul of the administration’s foreclosure-prevention efforts, which President Barack Obama launched. three million to four million mortgages. The.

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Launched in 2009, the initiative was aimed at helping 3 million to 4 million homeowners avoid foreclosure through 2012. Critics assert that the program is on track to fall below those goals.

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.

 · The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets. The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some.

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