Obama Scorecard: Foreclosure programs aid 1.4 million homeowners

Housing’s recovery continues to be marked by steady home price gains as well as decreases in the number of foreclosures and distressed borrowers, according to the Department of Housing and urban development (hud) and the Treasury Department’s December edition of the Obama Administration’s housing scorecard.

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The Obama administration’s embattled mortgage aid plan is coming under fresh criticism from a government watchdog who says the program is wasting billions of taxpayer dollars simply to delay.

It is now on track to aid less than one-fourth that number.. Obama said it would enable "as many as 3 to 4 million homeowners to modify the terms of their mortgages to avoid foreclosure.

On 18 February 2009, U.S. President Barack Obama announced a $73 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. The plan is funded mostly from the EESA’s $700 billion financial.

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The Making Home Affordable Program has assisted more than 1.6 million homeowners since its inception in 2009, the Obama Administration said in its May Scorecard report.

Would Obama's Refinancing Plan Boost Ailing Housing Market? U.S. Treasury – Treasury Notes – Contents of the Treasury Notes blog, from www.treasury.gov.. and where a large share students receive Title IV aid, the Scorecard provides a more comprehensive sample of student outcomes. [3]. tarp also included housing initiatives that helped millions of struggling homeowners avoid foreclosure and lower their monthly payments.

The U.S. Treasury announced Thursday that it has approved $1.5 billion in Hardest Hit Fund grants for Arizona, California, Florida, Michigan and Nevada.To be eligible for the programs, states must.

Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners. 1.4 million borrowers have obtained permanent loan modifications, but about 400,000 of them have already re.

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Data in the Housing Scorecard show continued signs of recovery as foreclosure. assistance actions have taken place through the Administration’s Making Home Affordable Program, while the Federal.

Obama’s efforts to aid homeowners, boost housing market fall far short of goals. out banks in the months before he came to office – to provide aid to homeowners:. 5 million more.

I really wish there were more government programs that provided aid to just the people who are financially incapable of living. Unfortunately it seems the only way you can receive any sort of help is if you have a child, are incapable of working, or are some sort of military veteran.