Obamas Housing Affordability Plan – 2% Mortgage Refinancing For Homeowners

The details for President Barack Obama’s housing affordability plan have been unfolded. Projected to assist borrowers in refinancing their mortgage, the President’s housing plan will prevent 1 out of 9 homeowners from losing their own home. From the total economic stimulus plan worth $787 billion, the Obama administration has allocated $75 billion for the alleviation of housing and mortgage problems.
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