Obama Refi Plan is Not Housing Stimulus

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The new rules for federally guaranteed loans represent a recognition that measures the administration has taken so far on housing have not worked as well as expected. His jobs bill struggling in.

Barack Obama’s economic plan will inject $75 billion of stimulus into the economy by getting money in the form of tax cuts and direct spending directly to the people who need it most. Obama’s proposal will immediately provide stimulus using means that do not require lengthy governmental or administrative delays.

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And that deficit calculation doesn’t include President-elect Obama’s stimulus plan, which at $800 billion. the unprecedented nature of the housing finance disaster, with drops in market prices and.

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Introduced in March 2009, HARP enables borrowers with little or no equity to. Significant changes have been made to HARP since the program was first introduced.. Borrowers will now be able to refinance regardless of how far their homes.

saying that the votes didn’t go through for the lower mortgage rate of 4.0 as part of Obama Stimulus plan. If you read/heard of this stimulus plan, please share with me. I am thinking of refinancing my mortgage with a lock in rate of 4.8% + 1 point that would expired end of this week.

To address this challenge, the President worked with housing regulators. The refinancing program will be open to all non-GSE borrowers with.

Obama outlined the housing plan on Wednesday, asking Congress to approve legislation that would make it easier for more borrowers to refinance. sector jobs, "not by wasting your money on.

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At first blush, this would seem to be the case with the mortgage refinancing plan that Obama unveiled during the course. dubious-must necessarily believe that housing prices will not return to.

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Tara Siegel Bernard is a personal finance reporter, and has previously written on the Obama administration’s housing plan, offered advice on how to qualify for a mortgage backed by the Federal Housing Administration, and answered readers’ questions on the tax breaks and benefits for individuals in the economic stimulus package.

Up to 9 million families would be given the chance to refinance. unveiled the plan in Arizona, a state hard hit by home foreclosures. Obama, who a day earlier signed into law a landmark $787.