...today in Phoenix. I watched his speech on the foreclosure issues and his new "Homeowner Affordability and Stability Plan". It was a very good speech and I'm looking forward to watching it play out. And, being in real estate, I'm excited to get the 'perception' of a bad real estate market out of the thoughts of many.
Here are the 3 key points to the President's new plan;
1. Refinancing for up to 4 to 5 million responsible homeowners to make their mortgages more affordable.
2. A $75 billion homeowner stability initiative to reach up to 3 to 4 million at-risk homeowners.
3. Supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac.
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