February 12, 2012

Obama unveils $75B mortgage relief plan

Obama unveils $75B mortgage relief plan

“All of us are paying a price for this home mortgage crisis,” President Obama said in remarks prepared for delivery at a ceremony announcing the program at a Phoenix area high school.Seeking to tackle “a crisis unlike any we’ve ever known,” President Obama unveiled a $75 billion plan to keep as many as 9 million Americans from losing their homes to foreclosure.