On August 3, 2012, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released July 2012 of the Obama administration's Housing Scorecard on the nation’s housing market. The housing scorecard data shows signs of improvement on mortgage delinquencies, but overall does not appear stabilizing.
Total available housing inventory would take 6.6 months of existing homes, and 4.9 months of new homes to sell on this market. As of June 2012 over one million homeowners received a permanent modification saving approximately $537 each month, and up to $13.9 billion to date according HUD Public Affairs (202)708-0980 and Treasury Public Affairs (202)622-2960 HUDNo.12-129. The full Housing Scorecard report is available online at www.hud.gov/scorecard.
It appears that Home Affordable Modification and Refinance Program, helped many home owners to obtain more affordable mortgages and do loan modifications to prevent foreclosure and stay in their homes.
For more complete information on The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury July edition Housing Scorecard a on the nation’s housing market, please CLICK HERE