Tag Archive | "Lenders"
Obama Housing Plan: Live Blogging Summary
President Obama just spoke before a crowd in Mesa, AZ, unveiling his $75B foreclosure crisis plan. Here’s a play-by-play of the speech: This is a “crisis unlike any we’ve ever known.” Families can’t afford to leave, but can’t afford to stay. 6 million homes in foreclosure or at risk of foreclosure across the US. Study in Chicago found that [...]
Continue reading...President Barack Obama Foreclosure Speech - $75 Billion Housing Plan
Wednesday, February 18, 2009
Full Text of President Obama’s Speech Today - February 18 2009 - I’m here today to talk about a crisis unlike any we’ve ever known – but one that you know very well here in Mesa, and throughout the Valley. In Phoenix and its surrounding suburbs, the American Dream is being tested by a home [...]
Continue reading...President Obama’s $75 Billion Foreclosure Plan
Wednesday, February 18, 2009
First news on MarketWatch on Obama’s plan to help halt foreclosures. There are two programs. One to help 4-5m struggling home owners with loans owned or guaranteed by Fannie Mae or Freddie Mac to help them refinance. The other is a loan modification plan with government subsidies to lenders to reduce their monthly interest payments. Lenders responsible for [...]
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Wednesday, February 18, 2009
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