(Reuters) – The Obama administration on Monday unveiled another bailout program for troubled homeowners, pledging to divert $600 million in housing rescue funds to five more states on its list of “hardest-hit” markets.
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Homeowners using Obama’s loan modification program seeing lowered credit scores
WASHINGTON — Some homeowners who sign up for the government’s mortgage assistance program are getting a nasty surprise: Lower credit scores.  For borrowers who are making their payments on time but are on the verge of default, the Obama administration’s loan modification program can reduce their credit [...]

(Reuters) – An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained permanent loan modifications, according to a Treasury Department report released on Friday.
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(Reuters) – The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.  Michael Barr, the Treasury’s assistant secretary for financial institutions, said in prepared remarks to state housing agency officials that the Obama administration’s housing policies “are helping [...]

President Obama this week offered some details on his proposed program aimed at getting homeowners to make energy-efficiency improvements to their houses.  The Homestar program would increase demand for energy-efficient home products and installation services as well as help homeowners save between $200 and $500 a year in energy costs, according to a news release [...]

HENDERSON, Nevada (Reuters) – President Barack Obama used a campaign push for Senate Majority Leader Harry Reid on Friday to announce a new fund to support homeowners in five states hit hardest by the U.S. housing crisis.  Housing was at the center of the financial crisis that threw the U.S. economy into [...]

Most Americans still think owning a home is part of the American Dream, but only a minority of people thinks President Obama has done a good job stabilizing housing during his first year in office, according to a survey released this week.
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As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers. Under the new initiative, the government will provide more resources for borrowers and will partner with organizations to offer homeowners assistance, a Treasury Department spokeswoman said. The plan also calls for increased transparency and [...]

If you’re looking for a unique piece of real estate, 5040 South Greenwood Avenue in Chicago comes with one rare amenity: the lot is adjacent to President Obama’s private Illinois residence.
The home, which is being sold by the Matt Garris Group, will go through a sales process over the next six weeks, during which potential buyers [...]

The Obama administration’s foreclosure relief plan is off to a slower-than-expected start, partly because of what the government calls an “uneven” performance by loan services, with some of the biggest financial firms showing poor participation  rates.
Treasury Tuesday released the first of what it says will be detailed monthly reports on the loan modification program, known [...]