|
Accession Number
|
PB2012-114352
|
|
Title
|
Making Home Affordable Program Performance Report through July 2012.
|
|
Publication Date
|
2012
|
|
Media Count
|
46p
|
|
Personal Author
|
N/A
|
|
Abstract
|
In the beginning of 2009, the U.S. economy was facing the fallout from a housing bubble that by some measures had doubled home prices in a period of six years. By the time the Obama Administration took office in January 2009, home prices had fallen for 30 straight months. Home values had fallen by nearly one-third. Fannie Mae and Freddie Mac had been in conservatorship for four months, and American families were struggling to buy and keep their homes. In February 2009, President Obama announced a number of steps to strengthen the housing market and help struggling homeowners avoid foreclosure. As part of this broad response to the housing crisis, Treasury, under TARP, established two central programs, Making Home Affordable (MHA) and the Hardest Hit Fund (HHF).
|
|
Keywords
|
Foreclosure rates
Government programs
Homeowners
Leins
Loans
Make Home Affordable
MHA (Make Home Affordable)
Program administration
Short sales
TARP (Troubled Asset Relief Program)
Troubled Asset Relief Program
US Treasury Department
|
|
|
Source Agency
|
Department of Treasury - General
|
|
NTIS Subject Category
|
96F - Banking & Finance
70B - Management Practice
70F - Public Administration & Government
91E - Housing
|
|
Corporate Author
|
Department of the Treasury, Washington, DC. Office of Financial Stability.
|
|
Document Type
|
Technical report
|
|
Title Note
|
N/A
|
|
NTIS Issue Number
|
1226
|
|
Contract Number
|
N/A
|
