(Best Syndication News) – The Obama Administration announced the August Housing Scorecard report which showed July’s housing prices, foreclosure trends, and home loan modification participation in the Home Affordable Modification Program (HAMP) and HOPE NOW. There was 37,000 homeowners that have.
Obama "housing scorecard" touts home equity gains, mortgage mods. the administration’s oft-criticized home affordable Mortgage Program resulted in around 1.4 million trial mortgage.
Despite the fact that home affordability remains high, housing data released by the Obama Administration. more than double the number of foreclosure completions during that time. These actions.
MBA: Rising rental costs may drive home sales up Flood insurance rate hike delay passes House Rick Scott decried the rate hikes. pass the relief," Nelson said. "Now the question is finding the legislative vehicle and opportunity to do that given all of the stuff that is going on in the.Moving from one home to another is always a stressful situation, but with the current property and rental prices going up, this task is now harder than ever. Along with rising prices, searching through newspapers and classified ads can be frustrating, and not everybody has the time to conduct in-person visits to inspect rental properties.
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.
decline and homeowners added $95 billion in home equity in the second quarter. More than 3.73 million modification arrangements were started between April 2009 and the end of August 2010 -more than double the number of foreclosure completions during that time. These included nearly 1.4 million trial Home
Women of Influence 2015 Fannie, Freddie loans hit series high in National Mortgage Risk Index New home sales plunge 13% in July NEW YORK ( TheStreet. said vehicle sales rose 11% in May to 245,256 vehicles over the same month a year ago, its highest monthly total since August 2009. The stock lost 1%. Ford ( F) said sales of.IRS Issues Guidance on Loan Modifications Radian selects Clifford Rossi as chief economist Radian Group (RDN) announced the appointment of Dr. Clifford Rossi as the company’s new senior vice president and chief economist. In this position, Rossi will have responsibility over Radian.A debt modification that results in an instrument . that is not debt for federal income tax purposes is a significant debt modification. 6. Change in Financial and Accounting Covenants. A modification is not a significant debt modification if it adds, deletes, or alters customary accounting or . financial covenants.Women of Influence 2015. The Business Record’s Women of Influence awards celebrate the work of women who have made a difference. They’ve devoted their lives to doing things most wouldn’t. They’ve spent countless hours on various boards and they’ve blazed a trail either personally or professionally for other women to follow. Join us in.
“Without a timely review of their eligibility to even get into a HAMP trial modification, struggling homeowners left in limbo hoping to get help from TARP’s HAMP program may not pursue other.
million to 4 million homeowners avoid foreclosure regardless of who owns or services the mortgage. Participation in the program is voluntary, and more than 140 servicers participate in the program under agreements with the Treasury. Modifications can be made under HAMP until December 31, 2016, an extension past the original December 31, 2013,
CLEVELAND, Ohio — The Legal Aid Society of Cleveland, which until now has weathered the economic downturn by tapping reserves, must cut $1.4 million from its budget. domestic violence, home.
It will accelerate the foreclosure crisis and further drive down home prices, as tens of thousands of workers are no longer able to meet their mortgage payments. The Obama. 3.8 million in tax.
The Administration’s foreclosure programs are providing relief for millions of homeowners as we continue to recover from an unprecedented housing crisis. More than 1.4 million homeowner assistance actions have taken place through the Making Home Affordable Program, while the Federal Housing Administration (FHA) has offered more than 1.5 million.
Senators bargain on HARP expansion Senators debate cost of CHIP expansion – HELENA – State lawmakers had a lengthy and at times contentious debate on the Senate floor Wednesday about the cost of. with the state making up about 20 percent of the cost. "CHIP is a bargain; it.