The U.S. Treasury and Department of Housing and Urban Development released their March Housing Scorecard, which tracks housing market recovery efforts and key indicators of market health through February. The report paints a mixed picture of the housing recovery, detailing continued weakness in home prices due to pressure from foreclosure and distressed home sales but also the downward trend in mortgage delinquencies and foreclosures. According to the monthly scorecard, since April 2009, nearly 10 million homeowners have refinanced their homes, saving $18.1 billion, and more than 4.4 million mortgage modification arrangements have been started, which doubles the number of foreclosure completions during that time. HUD Assistant Secretary Raphael Bostic said the statistics underscore the importance of continuing efforts to support homeowners and advance market stabilization. More here, here, and here.