Obama Refi Plan is Not Housing Stimulus

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Announcing the plan in Arizona – a state especially hard hit by the housing crunch – Mr. Obama said that turning around the battered economy requires stemming the continuing tide of foreclosures.

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Contents Unveils $75b mortgage relief plan 787 billion economic. Traditional mortgage refinancing property insurance claims. official government website How The Obama Mortgage Plan Works President Barack Obama says up to 9 million struggling homeowners could get help from the housing rescue plan he outlined.

Still, don’t give up hope. Just small incremental changes to the Obama refinance program could mean big savings to homeowners who have been locked out of refinancing since the housing crisis began. You can get involved. See our article on How to Make harp 3 happen. Possible Changes if the Obama Refinance Plan is Implemented

More New Listings in Q1 Florida Housing Market Closed sales of single-family homes statewide totaled 60,204, down 0.9 percent year-over-year, while closed sales for the condo-townhouse market totaled 27,088, up 2.8 percent year-over-year.

Do know if you qualify for President Obama’s "Making Home Affordable" Mortgage Refinancing and Modification plan? Do you know the eligibility requirements and where to start your search for a piece of this $75 billion plan? Well here is a great place.

Tara Siegel Bernard is a personal finance reporter, and has previously written on the Obama administration’s housing plan, offered advice on how to qualify for a mortgage backed by the Federal Housing Administration, and answered readers’ questions on the tax breaks and benefits for individuals in the economic stimulus package.

OBAMA’S HOUSING. during the stimulus debate acknowledging that foreclosures and vacant homes are the problem, but then proposing to reduce everyone’s’ mortgage rate to 4% regardless of whether they.

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Because of these problems, the President Barack Obama has presented the housing and homeowner stimulus plan as the fix all for Americans who are close to losing their homes. The making home affordable plan was announced in February 2009 and has been running with very questionable results since then.

Part of the Obama Stimulus Plan included a streamlined refinance program called the Making Home Affordable Plan that could potentially save participants hundreds of dollars per month on their house payments. This "streamline" process contains a number of hurdles one will have to navigate through.

Up to 9 million families would be given the chance to refinance. unveiled the plan in Arizona, a state hard hit by home foreclosures. Obama, who a day earlier signed into law a landmark $787.

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