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Government housing help benefits 1 million homeowners in 3rd quarter

Posted on 18 December 2012

For much of the last year, the housing market has generally been on a slow but steady path toward improvement, and that trend continued in November. A number of federal initiatives to make consumers struggling in the housing market more financially capable seem to be working, according to the latest housing scorecard from the U.S. Department of Housing and Urban Development.
For instance, in the month of November alone, federal initiatives such as the Home Affordable Modification Program helped 13,400 Americans obtain trial modifications for the terms of their home loans, which is down from the 15,200 who received them in the previous month. Another 16,000 received permanent modifications, though, and that was up from 13,800 the month before……………………………………..Full Article: Source


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