Obama Refi Plan is Not Housing Stimulus

The HARP program came to be know as the "Obama Mortgage". Those seeking an Obama mortgage are often not eligible for refinancing; often because they are late on several house payments or otherwise don’t qualify. For these borrowers, the loan modification part of the Obama mortgage plan is a very good way to get back on track financially.

 · House Votes For Obama Stimulus Plan No GOP Votes! The washington post reports: The House approved an 9 billion stimulus package on a near party-line vote yesterday , a plan breathtaking in size and scope that President Obama hopes to make the cornerstone of his efforts to resuscitate the staggering economy.

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NEW YORK (CNNMoney.com) — President Obama continued this week to push his proposals to bolster the economy, stem the housing. prevention plan, and the first few infrastructure projects funded by.

President Obama’s $787 billion stimulus package is a consortium of thousands of federal tax measures and expenditures on infrastructure, education, health care, energy and other projects. Many Democrats believe that the stimulus was too small to bolster the economy, as evidenced by the continuing U.S. economic slump.

The stimulus plan, unprecedented in size and scope, is a centerpiece of President Barack. allowing the refinancing of ailing mortgages or subsidizing shaky banks in ways that benefit homeowners..

President Obama’s $450 billion stimulus revolves around a plan to extend. America’s veterans." 6) Housing help. The president: "To help responsible homeowners, we’re going to work with Federal.

Obama’s overall plan is a mix of ideas. to get loans through a strengthened federal housing administration, the U.S. Department of Agriculture, and Veterans Affairs. The Repeats: – Let almost.

Obama’s Plan. Following are highlights of President Obama’s plan to reduce mortgage foreclosures. Allow an estimated 4 million to 5 million currently ineligible homeowners who get their mortgages through Fannie Mae or Freddie Mac to refinance at lower rates.

President Barack Obama is well aware that the current economic situation in the country leaves a lot of homeowners struggling. Housing prices have crashed and the all time high number of foreclosures does not help that at all, lowering surrounding homes values by as much as 9%.

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