Foreclosure programs aid 1.6 million homeowners: Obama Scorecard

The housing scorecard. and more than 1.6 million proprietary modifications under HOPE Now. While some homeowners may have received help from more than one program, the number of agreements offered.

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). In.

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“The Obama. While some homeowners may have received help from more than one program, the number of agreements offered were more than double the number of foreclosure completions for the same period.

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foreclosure mitigation programs continue to provide relief for millions of homeowners as the recovery from the housing crisis continues. Nearly 2.0 million homeowner assistance actions have taken place through the Making Home Affordable Program, including more than 1.3 million permanent

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 Making Home Affordable Program has assisted more than 1.6 million homeowners since its inception in 2009, the Obama Administration said in its May Scorecard report.

Foreclosure starts and completions dropped significantly in November, as lenders review internal servicing procedures. The housing scorecard is a comprehensive report on the nation’s housing market..

According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, but what happens if you don’t qualify for Obama’s Homeowner Affordability program? To qualify for the Homeowner Affordability and Stability Program: 1. The home must be owner-occupied 2.

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Obama Administration Releases July Housing Scorecard. in home prices and a decline in mortgage defaults as our foreclosure prevention programs reach more borrowers upstream in the process.. between April 2009 and the end of May 2011.This includes more than 1.6 million HAMP trial.

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.