Tag Archives: Making Home Affordable

Assuming the vacant role of Ginnie Mae President, Alanna McCargo brings experience with both HUD and Fannie Mae to her new role.

The Making Home Affordable program is beginning to wind down; how successful has the program been at helping homeowners avoid foreclosure and remain in their homes?

The program was launched in February 2009 by the Obama Administration as a way to stabilize the housing market and help struggling homeowners avoid foreclosure.

Lambert was instrumental in starting Treasury's Making Home Affordable Program (MHA) in 2009, which the government began in response to the devastating financial crisis of 2008 and to help families avoid foreclosure. She has continued to promote the program for the last six years, during which time MHA has helped more than one and a half million families.

While the housing market made great strides toward recovery last year with improvements in foreclosures, home prices, and homeowner equity, the economy is “still healing” from the effects of the recent downturn, according to the latest Housing Scorecard from the Obama administration. Released Friday, the January report found several improving indicators and particular strength in the San Francisco metro area, which has benefited from significant government support.