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Obama Unveils Program to Stem Foreclosures

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President Barack Obama unveiled a 75 billion dollar program Wednesday (February 18th) to prevent up to nine million U.S. homeowners from losing their homes. The Homeowner Affordability and Stability Plan includes measures to allow struggling homeowners to refinance their loans so their monthly payments are affordable.
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john clarke (8 years ago)
Bla bla bla bla bla. When my Wife and I bought our house we were able to make the payments. Made the car payments, utility bills and all other bills. We have both worked our entire married lives of 46 years. Never asked for anything. Took advantage of our equity and took a second mortage. But paid off the first. So only one mortage. Now with 2 years left on our home debt, we may lose it. Why? Because I lost my job. At 64 it ain' t easy to start over. But one door closes, another one opens.

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