HAMP Helping Fewer and Fewer Homeowners

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WASHINGTON -- For the third consecutive month, the Obama administration's signature housing help plan posted the lowest numbers of preliminary mortgage modifications since the program's start in the spring of 2009.

Just 13,000 homeowners received initial mortgage modifications from the Home Affordable Modification Program in August, down from 14,000 in July and 15,000 in June, already the fewest since April 2009.

When President Obama announced HAMP in February 2009, he said the program would use subsidies to encourage bailed-out banks to modify mortgages for as many as 3 million or 4 million homeowners. So far, fewer than 700,000 homeowners have received lasting help from the program, which is overseen by the Treasury Department and was initially funded with billions of dollars from the Wall Street bailout. The slowing of new trial modifications suggests HAMP is less likely than ever to meet its goal.

Read the full story at The Huffington Post.

See also:
Mortgage Modification Program Slows to a Crawl
Mortgage Modification or New Twist on an Old Scam?
How To Buy Foreclosures


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HAMP Helping Fewer and Fewer Homeowners

Location: Las Vegas, Nev.
Price: $199,900
Beds/Baths: 5/4
Sq. Ft.: 4,233

Situated in a city whose real estate recovery is gaining steam, this 5-bedroom offers luxury features like a balcony and three-car garage.

See its gleaming interior

The expansive insides contain an elegant staircase with banisters bearing intricate designs. 

See more features of its interior

Location: Colorado Springs, Colo. 
Price: $175,000
Beds/Baths: 4/3
Sq. Ft.: 2,395

Boasting multiple decks that reach out from both stories, this home, built of wood and stone, offers details like custom woodwork, porthole windows, stylish blends of color and exposed beams. 

You need to see photos of the home to really appreciate these intricacies. 

The interior boasts hardwood floors and furnishing of a minimalist flavor. 

See what else this home has to offer

Location: Orlando, Fla.
Price: $189,000
Beds/Baths: 5/5
Sq. Ft.: 2,823

This contemporary sits in the gated community of Avalon Lakes, which is close to nearby beaches. Special features include three master suites, a gourmet kitchen and an "executive pool." 

See the listing for more details. 

The interior boasts details including wood cabinets, a granite counter and a tile backsplash. The home's community offers amenities such as a fitness center, tennis courts and basketball courts. 

See what else this home has to offer

Location: Novi, Mich. 
Price: $202,000
Beds/Baths: 3/3
Sq. Ft.: 2,711

Sited on a generous lot, this foreclosed home is selling at a reduced price. Highlights include granite counters and slate flooring. 

See the listing

Gleaming hardwood floors and fresh-looking finishes give the place a new-start feel. 

See the rest of what $202,000 brings you

Location: Henderson, Nev. 
Price:v $235,000
Beds/Baths: 4/3
Sq. Ft.: 2,736

This home commands mountain views from its fifth-of-an-acre lot. The interior offers fine finishes, including crown molding and cherry cabinetry. 

See the listing for more details. 

The kitchen (pictured here) contains new cherry cabinetry and Italian tile. 

See what else this gem delivers

Location: Detroit, Mich. 
Price: $199,000
Beds/Baths: 5/4
Sq. Ft.: 5,479

Only in Detroit can you get so much for so little. This manor looms over a tree-dotted boulevard and features interior flourishes, including hand-painted ceilings, hand-carved marble and hardwood floors. 

And that's just the beginning -- see a slideshow of the property for more. 

The elaborate Victorian decor imbues the interior with a stately feel.

See more of this gem

Location: Little Rock, Ariz.
Price: $165,000
Beds/Baths: 3/2
Sq. Ft.: 1,394

This brick single-story is running further below the national median home price, which hovers around $200,000, than other homes in our gallery. But it's a notable mention: The home offers a big living area, wood-burning stove and large eat-in kitchen. 

Learn more about this charming home by viewing the listing. 

The place has a rustic feel to it, with its well-kept, tulip-dotted yard, charming porch and wood-burning stove. The home's interior departs from its staid exterior, serving up a cheery color scheme. 

See more photos of this listing. 

Location: Orlando, Fla. 
Price: $225,000
Beds/Baths: 5/3
Sq. Ft.: 3,160

It's not often you get a pool and lakefront property for just $225,000, but this charming home delivers you just that, along with five bedrooms (three with walk-in closets), three bathrooms and a multi-faceted kitchen.

See what we mean by multi-faceted kitchen

Pictured here is the home's glass-covered pool, overlooking its much larger and naturally-occurring inspiration. 

See some of the other impressive features of this home. 



Location: Lewiston, Maine
Price: $225,000
Beds/Baths: 4/2
Sq. Ft.: 2,234

Nestled into a wooded lot but still close to Lewiston's vibrant shopping scene, this barnlike home exudes rustic charm and delivers ample space.

See the listing for more details. 

The home boasts a great room, fireplace, chef's kitchen and sunporch among other features. 

See the other ones

Location: Los Angeles, Calif. 
Price: $184,000
Beds/Baths: 6/2
Sq. Ft.: 2,180

This home brings you quite a few bedrooms for just $184,000 -- six to be exact. While the listing photos show that the space is fairly cluttered at the moment, there's still an ample supply of it.

Get a look of the specs listed above

Ceramic tile flooring and wall-to-wall carpeting are some interior features of the home. 

See a slideshow of the listing

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