August 17, 2012
- From an article by Ken Harney in Inman News: The original forecast by the administration in 2009 was that 9 million + troubled homeowners would get assistance. The reality:
- HAMP served 818,803 and only 10% or $4.56 billion of the $45.6 billion set aside was spent by the end of June 2012
- The short re-fi program produced only 1,437 refi’s
- A major TARP program, the $7.6 billion “hardest hit” fund designed to help homeowners in 19 states with the highest unemployment and property devaluation was barely tapped.
- Only 43,580 families were assisted by temporary unemployment assistance or loan reinstatements, spending only 5% of the allocated money.
Harney asks, “How come we hear about Solyndra and not about housing relief? Solyndra cost $500 million. What about the 10’s of billions set aside for homeowners that have never been spent even as millions lost their homes to foreclosure and short sales?”
- From the National Association of Realtors: The Milkin Institute’s Best Cities for Successful Aging Index ranks the top ten large cities out of 100 metros for seniors:
- Provo, Utah
- Madison, Wisconsin
- Omaha, Nebraska
- Boston, MA
- New York
- DesMoines, Iowa and Salt Lake City tied
- Toledo, Ohio
- Washington, D.C.
- Pittsburgh, PA