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HUD and the U.S. Dept. of the Treasury have released the April edition of the Obama Administration's Housing Scorecard - a comprehensive report on the nation's housing market.

Highlights of the Housing Scorecard include:

  • More than 4.5 million mortgage-modification arrangements were started between April 2009 and the end of March 2011 - including more than 1.5 million trial modification starts through HAMP, more than 808,000 FHA loss mitigation and early delinquency interventions, and nearly 2.2 million proprietary modifications under HOPE Now.
  • Servicers reported more than 36,000 trial HAMP modifications and more than 36,000 permanent modifications with a median payment reduction of 37 percent - or more than $500 every month.
  • Home prices remain weak under continued strain from foreclosures and distressed homes. However, mortgage delinquencies continued a downward trend compared with early 2010 and foreclosure starts and completions remain below peak.

C.A.R.

Posted by Adam Andrus on May 12th, 2011 10:29 AMPost a Comment (0)

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