Below is a list of key elements of the plan outlined Wednesday by President Obama that aims to aid as many as 9 million households in fending off foreclosures:

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Mortgage and Lending with John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. NMLS# 211187
Below is a list of key elements of the plan outlined Wednesday by President Obama that aims to aid as many as 9 million households in fending off foreclosures: Allows 4 million–5 million homeowners to refinance via government-sponsored mortgage giants Fannie Mae and Freddie Mac. Establishes $75 billion fund to reduce homeowners' monthly payments. Develops uniform rules for loan modifications across the mortgage industry. Bolsters Fannie and Freddie by buying more of their shares. Allows Fannie and Freddie to hold $900 billion in mortgage-backed securities — a $50 billion increase. Please go to www.johntuggle.edicypages.com for additoinal details and resources for other questions.

Comments (1)

Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

If this were a really good plan then the stock market would have indicated it.

Happy listing and selling!

Feb 20, 2009 02:22 AM