Obama Refi Plan is Not Housing Stimulus

Related: Obama announces plan to help housing Related: Housing market not finding much strength Related: Zandi: Obama’s refinance plan could boost economy. Related: Read more about the FHFA’s program.

How The obama mortgage plan works President Barack Obama says up to 9 million struggling homeowners could get help from the housing rescue plan he outlined. The plan commits $275 billion in.

White House to Announce Fannie/Freddie Refi Plan.. President Barack Obama is expected to tout the program in Las Vegas on Monday.. A real plan for housing.

Apropos to the proposal I floated last week, news has started to circulate today that ideas to address the housing crisis gained momentum among participants at the jackson hole meeting last week. The.

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Tara Siegel Bernard is a personal finance reporter, and has previously written on the Obama administration’s housing plan, offered advice on how to qualify for a mortgage backed by the federal housing administration, and answered readers’ questions on the tax breaks and benefits for individuals in the economic stimulus package.

Up to 9 million families would be given the chance to refinance. unveiled the plan in Arizona, a state hard hit by home foreclosures. Obama, who a day earlier signed into law a landmark $787.

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.

The Obama administration is considering further actions to strengthen the housing market. who asked not to be identified because they were not allowed to talk about the information. A wave of.

Inside Obama’s Housing Aid Plan 1:25 PM ET Mon, 24 Oct 2011 The Obama refi program enhancements do nothing about those numbers. This plan is for current borrowers who want to get a lower monthly.

Still, don’t give up hope. Just small incremental changes to the Obama refinance program could mean big savings to homeowners who have been locked out of refinancing since the housing crisis began. You can get involved. See our article on How to Make HARP 3 Happen. Possible Changes if the Obama Refinance Plan is Implemented