Housing Scorecard: HAMP Remains an Active Program as Crisis Recedes

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Posted To: MND NewsWire

The Departments of Treasury and Housing and Urban Development released their October edition of the Obama Administration's Housing Scorecard on Friday afternoon. The report highlighted the Federal Housing Finance Agency's housing price index which posted its largest annual gain in five years and new home sales which are at the fastest pace since April 2010, near the end of the homebuyer's tax credit program. Because of the increasing strength of the housing market the scorecard notes that 1.3 million additional homes are now above water with their mortgages. The Scorecard is a summary of housing data from various sources such as the S&P/Case-Shiller house price indices , the National Association of Realtors® existing home sales report , Census data, and RealtyTrac foreclosure information...(read more)

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