|Note: Details of the plan below will not be annouced until first week of March, stay posted to find out more details.
|President Obama has released details of the $75 billion Homeowner Affordability and Stability Plan, which will provide access to low-cost mortgage refinancing for homeowners hurt by falling home
prices, as well as create an initiative to aid approximately 3 million
to 4 million homeowners at severe risk of losing their homes.
Altogether, the plan
"The objective of the Homeowner Affordability and Stability Plan
Eligible loans for refinancing will include those
In addition, to further
The insurance fund – to be created by the
Other important measures outlined in the plan
Further information on the plan is available at www.whitehouse.gov
SOURCE: White House