IMPACT OF ADMINISTRATION EFFORTS SEEN IN SIGNS OF HOUSE PRICE STABILIZATION AND INCREASED AFFORDABILITY

WASHINGTON, DC – June 21, 2010 – (RealEstateRama) — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation’s housing market. Each month, the scorecard will incorporate key housing market indicators and highlight the impact of the Administration’s unprecedented housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the Home Affordable Modification Program (HAMP). This scorecard contains key data on the health of the housing market including