Administration sounds positive note with September housing scorecard.

Position:Briefing Book

On Oct. 5, the Obama administration released its September housing scorecard and underscored the point that national housing market equity has risen by $86o billion since the end of 2011. The administration also noted that August produced the highest level of existing-home sales in more than two years.

The administration used a press release announcing the scorecard results to prod Congress to take action on some refinancing legislation that the Obama administration backs. "The administration's efforts to keep housing affordable and refinances strong are critical with so many households still struggling to make ends meet. That is why we continue to ask Congress to approve the president's refinancing proposal so that more homeowners can secure the help they need," said Department of Housing and Urban Development (HUD) Acting Assistant Secretary Erika Poethig.

The scorecard press release noted that homeowner equity rose...

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