Obama Unveils Plan to Stem Foreclosures

February 19, 2009 by kcolgin · Leave a Comment 

President Barack Obama rolled out a bold $75 billion, three-part plan Wednesday to halt the soaring rate of mortgage foreclosures nationwide, one that seeks to encourage refinancing of homes now worth less than their mortgages and provides incentives for lenders to lower the debt load on struggling homeowners.
The Homeowner Stability Initiative, which Obama unveiled in [...]