consumer news and advice: Obama Moves Forward with Foreclosure Prevention - Seema Sinha, Realtor, Vienna, VA
- 02/07/12 01:57 AM
Obama Moves Forward with Foreclosure PreventionCourtesy Susanne, RIS Media Last Wednesday, February 1, President Obama announced the details of a plan to help homeowners refinance their mortgages in hopes of bolstering the housing market. According to the U.S. Department of Housing and Urban Development, this proposal will allow buyers to save an average of $3,000 a year by refinancing into loans backed by the FDA, if they are current on their mortgage. The plan is estimated to cost between $5 billion and $10 billion, which Obama plans to cover by pressing a fee on large banks.<!--more--> “I want to commend the administration … (0 comments)
Obama Moves Forward with Foreclosure PreventionCourtesy Susanne, RIS Media
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