Politics/Economy News Alert: Obama to unveil mortgage refinance plan

Wednesday, February 1, 2012

   
The Washington PostWednesday, February 1, 2012 10:32:36 AM
POLITICS NEWS ALERT

Obama to unveil mortgage refinancing plan


President Obama on Wednesday is expected to roll out new proposals aimed at helping troubled homeowners, including a plan that would allow more borrowers to take advantage of record-low interest rates and to lower their monthly mortgage payments.

About 3.5 million people could be eligible for the program, according to the Obama administration. The president will offer details of the proposal at 11 a.m. at the James Lee Community Center in Falls Church, Virginia.



Read more at:
http://www.washingtonpost.com/business/economy/obama-to-announce-new-housing-refinance-plan/2012/02/01/gIQAw8YghQ_story.html



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