July Housing Scorecard Continues to Mark Housing Recovery Progress

August 11, 2013
Reverse Mortgage Daily 
mortgage lending news

The Obama Administration's Housing Scorecard for July offers additional proof of a sustained housing turnaround. Produced by HUD and the Treasury, the monthly summary measures improvement in key housing indicators. For July, it noted continued home price appreciation, strong resale growth, and new-home sales that hit a five-year high. Additionally, the Scorecard indicated that more than 1.7 million homeowner assistance actions have occurred under the White House's Making Home Affordable Program. The Home Affordable Modification Program (HAMP) alone has processed more than 1.2 million permanent workouts, saving borrowers an estimated $547 per month on their mortgage payments.
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