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The White House Admits It Has No Clue If Its New Housing Plan Will Work

[credit provider=”AP Photo/Susan Walsh”] President Barack Obama will trumpet the new mortgage refinance rules announced today by the Federal Housing Finance Agency — but his administration admits it has no idea how many people they will help.The new rules eliminate the loan-to-value ceiling under the Home Affordable Refinance Program allowing more underwater […]
The White House Admits It Has No Clue If Its New Housing Plan Will Work
News

Here Is Obama’s Latest Plan To Stave Off The Housing Disaster

[credit provider=”The White House/Pete Souz” url=”http://www.whitehouse.gov/photos-and-video/photogallery/april-2011-photo-day”] The Federal Housing Finance Agency just announced its changes to the Home Affordable Refinance Program (HARP), which serves as the backbone of President Barack Obama’s new housing plan.HARP programs have helped 894,000 borrowers through August — a far cry from the 3-4 million Obama promised in 2009. […]
Here Is Obama’s Latest Plan To Stave Off The Housing Disaster