Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

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Obama Scorecard warns economy remains fragile

Data released in the Obama administration’s January Housing Scorecard show signs that the housing market is continuing to strengthen, with the number of underwater borrowers  declining while home prices improve. 

Officials warn that, while the recovery is in full effect right now, there is regional variation and the overall U.S. economy still remains fragile.

"The Obama administration’s efforts to speed housing recovery are showing continued progress as the January scorecard indicators highlight clear forward momentum in the housing market," said the U.S. Department of Housing and Urban Development Deputy Assistant Secretary for Economic Affairs Kurt Usowski.

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mhopkins@housingwire.com

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