Friday Facts August 17, 2012

FRIDAY FACTS

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:
  1. Provo, Utah
  2. Madison, Wisconsin
  3. Omaha, Nebraska
  4. Boston, MA
  5. New York
  6. DesMoines, Iowa and Salt Lake City tied
  7. Toledo, Ohio
  8. Washington, D.C.
  9. Pittsburgh, PA

 

 

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