Fewer enrollees, more dropouts in mortgage program


The Obama administration's marquee foreclosure-prevention initiative continues to struggle, as government data show that fewer homeowners are enrolling in the program and more are losing their federal mortgage aid.
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Minorities hit harder by foreclosure crisis

A study shows blacks and Latinos were more than 70 percent more likely that whites to lose their homes to foreclosure.

Mortgage rates hit all-time low

The average rate on a 30-year fixed-rate mortgage dropped to 4.69 percent, the lowest level since Freddie Mac started tracking the data in 1971.

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    • Transcript: The Post's Renae Merle and Andrew Jakabovics from the Center for American Progress discuss Obama's new foreclosure prevention plan.
    • Transcript: The Post's Renae Merle and Michael S. Barr, the Treasury Department's assistant secretary for financial institutions, discuss the Making Home Affordable program.
    • Send feedback: Did you successfully use one of these programs? Run into any trouble? E-mail staff writer Renae Merle with your experiences.

    The country's foreclosure crisis is expected to peak this year with more than 2 million borrowers losing their home. Mortgage relief efforts have suffered through lackluster results so far. The government's marquee program, known as Making Home Affordable, got off to a slow start and federal officials have chastised lenders for not doing more to help borrowers.

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