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.
Source: HUD
No comments:
Post a Comment