President Obama Mortgage Foreclosure Relief pt.1
July 4th, 2009 by Lenny
18, 2009 C-SPAN President Obama outlined a plan to alleviate the home mortgage foreclosure crisis. The billion Homeowner Affordability and Stability Plan included provisions to assist homeowners refinance mortgages on homes which values had fallen below the amount owed, provide incentives to lenders who renegotiate the terms of some loans, and assistance to those homeowners who might soon face foreclosure. … president barack obama mortgage foreclosure crisis homeowner economy economic …
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I love Obama!! Black Power!
Mr. Barack Obama is the best the USA, indeed, the world has seen in a while. He (Mr. Barack Obama) has closed the chasm among peoples and nations. He is such a calm and confident figure.
take from the people who are paying their mortgages and give to the people who aren’t paying
lets add a tax to all mortgages, tack on an extra 1% to the interest rate and then set up a fund to take care of the mortages that aren’t being paid
if that doesn’t work, then make it 2%
if the plan were explained that way, then nobody would be in favor of it
of course, that is exactly how this program works because someone has to pay those costs eventually
Obama is just kissing every one’s ass cause he wants to be famous.
This WILL make the depression worse. The only thing that would have saved our economy is to let the banks that were using bad practices to FAIL so the good American’s won’t have to eat the cost.
I’m an INDEPENDANT.
Bush sucked, and Obama sucks. Neither supported/s the Constitution, or SOUND money.
Did anyone check out the amount of mortgage that one can have under this program??? Try $729k on for size….and you can have car and credit card debt that the govt will pay off too…. what is THIS CRAP that my taxes are going for?