Keller Williams Realty of Northern Colorado

Since the beginning of the government foreclosure prevention program, Making Home Affordable, there have been several amendments extending its reach to increasing numbers of struggling homeowners. The latest development now extends the program’s arm to welcome not only mortgages held by Fannie Mae or Freddie Mac but also FHA.

Preventing foreclosures remains just as important to economic and housing stability as it was when the program first began in March, especially as the most telling indicator of foreclosure levels, the unemployment rate, is likely to remain high into 2010. Helping troubled homeowners avoid foreclosure remains a key component to continued firm footing for the housing market and economy. This is a good sign with positive implications for home buyers and sellers.

Source: Keller Williams Realty, “This Month in Real Estate,” released 8/18/09.