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Repurposing foreclosed and vacant homes will reduce the inventory of unsold homes, help stabilize housing prices, support neighborhoods, and provide sustainable rental housing for American families. Today, the FHFA is announcing the first major pilot sale of foreclosed properties into rental housing.
When President Obama took office on January 20, 2009, housing prices were in free fall, hundreds of thousands of jobs were being lost each month, and the lending industry was overwhelmed by a tidal wave of foreclosures.
Today, the President is announcing two steps the Administration is taking to support homeowners and their families – providing relief for servicemembers and veterans, including those wrongfully foreclosed upon or denied a lower interest rate on their mortgages, and reducing fees for FHA borrowers looking to refinance.
When President Obama took office, our housing market was in free-fall, leaving many families feeling trapped and anxious about their mortgages. The President took immediate action to stabilize our housing market and protect the middle class.
The Obama administration announced Wednesday a new rule aimed at promoting fair housing, nearly 50 years after the Fair Housing Act of 1968 was passed to combat segregation and wide-spread...
The Obama Administration’s Making Home Affordable program will offer assistance to as many as 7 to 9 million homeowners making a good-faith effort to make their mortgage payments, while attempting to prevent the destructive impact of the housing crisis on families and communities.
Updated Sept. 3, 2009. You’ve probably heard about the Obama administration’s plan to help millions of homeowners refinance or modify their mortgages. This column is meant to answer some of your...
Helping more than 6 million families stay in their homes through modified mortgages: The Making Home Affordable Program is a critical part of the Obama Administration's broad strategy to help homeowners avoid foreclosure, stabilize the country's housing market, and improve the nation's economy.
President Barack Obama says up to 9 million struggling homeowners could get help from the housing rescue plan he outlined. The plan commits $275 billion in government funds to the effort and...
The Obama Administration is committed to fixing the fundamental flaws in the housing finance chain. That process is already underway as we move to fundamentally transform the mortgage market through the Dodd-Frank Wall Street Reform and Consumer Protection Act’s (Dodd-Frank Act’s) critical reforms.