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Obama’s Plan to Help Responsible Homeowners

Click on Picture to watch the President’s speech.

By now, I am sure you have all heard about the President’s latest directive this week to help troubled homeowners refinance their mortgages, even if their loans are far higher than the value of their homes.

The bigger question should be - Will the big banks  adopt the presidents plan? Polls show a majority of Americans are in favor of his plan but we know that means nothing unless the banks and congress make it so. Read the rest of this entry »

 
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Posted by on January 31, 2012 in Housing Analysis, Mortgage Blog

 

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