The massive foreclosure prevention program announced today is aimed at stabilizing the housing market and includes two initiatives. One is a refinancing program aimed at homeowners with less than 20 percent equity in their home or even owe more than their home is worth; the other program is aimed at homeowners at risk of losing their home and attempts to lower their monthly payments to affordable levels. To read an in-depth article outlining the program, and what it means for you,
click here for a good article from the Washington Post.
Labels: foreclosure, homeowner affordability and stability plan, housing, housing plan, Prevention