The Real Deal Miami

Just 10 percent of agents are fans of Obama’s loan mod program

March 04, 2010 11:00AM

Just 10 percent of real estate agents think Obama’s Home Affordable Mortgage Program has actually slowed the rate of foreclosures, according to a survey released yesterday by national real estate listings site Homes & Land. Sixty-five percent of agents believed that the HAMP initiative had definitely not helped, while the rest were unsure. The survey, conducted in February, culled responses from almost 5,800 agents in local markets across the country. More than half of respondents had been working as real estate agents for more than 10 years. Despite the perceived HAMP failure, most agents were optimistic about market conditions: 58 percent said consumer interest in purchasing a home had increased over the past three months. TRD