Making Housing more affordable.
Struggling Home owners needing advice should contact a HUD-approved housing counselor assistnace is FREE.
Further news on the struggling home front comes from a report issued by the Obama Administration and to report struggling homeowners being helped by the program.
The first "Servicer Performance Report", detailing the progress of making homes affordable loan modification program.
http://www.treas.gov/press/releases/docs/MHA_public_report.pdf
MHA (making homes affordable ) provides 75 billion dollars for sustainable loan modifications through the "Making Homes Affordable Modification Program".
Today’s report discloses performance on a servicer-by-servicer basis in order to increase transparency for participating institutions. The data show that servicer performance has been uneven. The Administration has asked servicers to ramp up implementation to a cumulative 500,000 trial modifications started by November 1, 2009. This would more than double in three months the number of trial modifications started in the first five months of the program.