President Obama will be in Phoenix today, to unveil his “Homeowner Affordability and Stability Plan” to help bring relief to homeowners and bring some order to the housing market.
A portion of his blog reads:
“The President’s strategy for economic recovery is a stool with several legs, as he’s said, and one of them is solving the foreclosure crisis.
“We must stem the spread of foreclosures and falling home values for all Americans, and do everything we can to help responsible homeowners stay in their homes,” he said yesterday as he signed the American Recovery and Reinvestment Act into law
To read the full text and explanation of what is proposed read the White House Blog at The Briefing Room