{"id":566768,"date":"2010-05-17T15:40:54","date_gmt":"2010-05-17T19:40:54","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=84951"},"modified":"2010-05-17T15:40:54","modified_gmt":"2010-05-17T19:40:54","slug":"april-hamp-report-card-shows-modifications-rising","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/566768","title":{"rendered":"April HAMP Report Card Shows Modifications Rising"},"content":{"rendered":"<p>Today, the Treasury and Housing and Urban Development Departments <a href=\"http:\/\/makinghomeaffordable.gov\/pr_05172010.html\">released<\/a> April data on the Home Affordable Modification Program, the Obama administration&#8217;s effort to modify mortgages in order to stem the tide of foreclosures and keep families in their homes. Modifications increased 13 percent month-to-month, to 300,000.<\/p>\n<p>&#8220;As the  number of homeowners receiving permanent  modifications continues to  increase, the administration\u2019s comprehensive efforts  are making an  impact in the housing market\u2019s overall recovery,&#8221; the Federal Housing Administration&#8217;s commissioner, David Stevens, said in a statement. &#8220;Today,   mortgage rates remain at historic lows, around five percent; foreclosure  starts  are down 27 percent from last year this time; and home prices  and the pace of  home sales have stabilized in recent months.&#8221;<span id=\"more-84951\"><\/span><\/p>\n<p>Still, the housing market remains weak and HAMP remains far short of its goal to aid 3 or 4 million homeowners by 2012. As of April, HAMP had started 1.2 million modifications, but the program had dropped more than 280,000 homeowners &#8212; a surprisingly high rate. And many of the mortgage holders aided by HAMP remain far underwater on their mortgages, and thus more likely to walk away from their homes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, the Treasury and Housing and Urban Development Departments released April data on the Home Affordable Modification Program, the Obama administration&#8217;s effort to modify mortgages in order to stem the tide of foreclosures and keep families in their homes. Modifications increased 13 percent month-to-month, to 300,000. &#8220;As the number of homeowners receiving permanent modifications continues [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-566768","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=566768"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566768\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=566768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=566768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=566768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}