Slow Price Increases, Moderate Foreclosure Declines Reported in Latest Statistics

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — According to ForeclosureWarehouse, the Making Home Affordable Program created by the Obama Administration as a way to help struggling homeowners save their homes from foreclosure has had mixed results. After two years of declining prices and increasing foreclosure rates, the program may have helped reduce the numbers but it has failed large numbers of homeowners who were eligible for the program. Wells Fargo and Bank of America had enrolled only 6 to 4 percent, respectively, of their eligible borrowers.