On September 13, 2012, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the August edition 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.
Over one million borrowers benefited from Home Affordable Refinance Program (HAMP), and will save on average $538.00 annually, an estimated $14.4 billion, 87% of homeowners in the last 24 months received a permanent modification through July 2012, according HUD Public Affairs (202)708-0980 and Treasury Public Affairs (202)622-2960 HUDNo.12-111A. The full Housing Scorecard report is available online at www.hud.gov/scorecard.
It appears that, Home Affordable Modification 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 August edition Housing Scorecard a on the nation’s housing market, please visit
http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-154
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