Real estate blog entries tagged with treasury department by Inside San Antonio Real Estate (Inside San Antonio Real Estate)

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Home : Blogs : Inside San Antonio Real Estate : Inside San Antonio Real Estate's Blog : Tag "treasury department"

treasury department: Obama's "Making Home Affordable" Initiative - 06/06/09 04:47 AM

In a plan that promises to keep seven to nine million borrowers from losing their homes, the Obama administration announced its "Making Home Affordable" initiative. The Treasury Department released detailed guidelines about how it plans to help Americans refinance mortgages that would offer lower monthly payments.

A statement released by the Treasury Department said, "The present crisis is real, but temporary. As home prices fall, demand for housing will increase, and conditions will ultimately find a new balance. Yet in the absence of decisive action, we risk an intensifying spiral in which lenders foreclose, pushing area home prices still lower, … (3 comments)

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