In Detail: Homeowner Affordability and Stability Plan
The Treasury released details about the Homeowner Affordability and Stability Plan, including a summary of the proposal to encourage mortgage modification and several illustrations about how the plan is designed to work and answers to potential questions. As outlined, the plan has three stated purposes: (1) to provide low-cost refinancing to homeowners now unable to refinance; (2) to create a $75 billion fund to aid loan modifications for homeowners now underwater on mortgages; and (3) to keep current mortgage rates low by providing additional support for Fannie Mae and Freddie Mac.
Not to be outdone, the White House unveiled its Financial Stability website and posted additional information about the plan on the White House blog.
Trackbacks (0)
Links to blogs that reference this article
Trackback URL
http://www.consumerfinancelitigation.com/admin/trackback/114106
http://www.consumerfinancelitigation.com/admin/trackback/114106
Comments (0)
Read through and enter the discussion with the form at the end
Post A Comment / Question
Use this form to add a comment to this entry.
Send To A Friend
Use this form to send this entry to a friend via email.
