The U.S. Department of Housing and Urban Development and the U.S Department of the Treasury’s August Housing Scorecard paints a mixed picture of the housing market and the administration’s recovery and mortgage modification efforts. The report says the housing market remains fragile, though home prices were up for the third consecutive month according to indexes from S&P/Case-Shiller and FHFA. Foreclosure starts and completions also continued to trend downward. Still, a slight rise in mortgage delinquencies underscores the continued uncertainty in the housing market, according to the scorecard. Also, more than 28,000 additional homeowners received permanent mortgage modifications in July through the administration’s Home Affordable Modification Program. More here and here.
