Obama to announce housing support plan at news conference
March 6th, 2012
08:58 AM ET
2 years ago

Obama to announce housing support plan at news conference

(CNN) - President Obama will announce Tuesday a plan to help those hard-hit by the housing crisis, a White House official said.

"Today, the president is announcing two steps the administration is taking to support homeowners and their families - providing relief for service members and veterans, including those wrongfully foreclosed upon or denied a lower interest rate on their mortgages, and reducing fees for FHA borrowers looking to refinance," the official said. Obama will make the announcement at an afternoon news conference.

Read more about the Obama Administration plan.


Filed under: Economy • President Obama
soundoff (5 Responses)
  1. GROVER NORQUIST IS A ENEMY OF THE STATE

    Willard's solution: "Let the foreclosure process run it's course."

    If we took this man's advice on anything, besides his healthcare law, we'll be in a world of hurt. We will no longer have a auto industry and millions more people would have lost their homes to foreclosure if Willard had his way.

    March 6, 2012 09:04 am at 9:04 am |
  2. gt

    wow... it only took 3 yrs to address this issue... must be election time... this stinks to high heaven.. no wonder america dont believe what politicans say...

    March 6, 2012 09:18 am at 9:18 am |
  3. Dominican mama 4 Obama (the real one)

    Thank you Mr. President for once again looking out for our middle-class.
    Obama 2012. Seriously America.

    March 6, 2012 09:38 am at 9:38 am |
  4. Emmy Skaddittle

    ok, whats the republican argument against this?

    March 6, 2012 09:50 am at 9:50 am |
  5. diridi

    Oil companies are manipulating...watch out. Nationalize them., till we push Alternate-Energy and Fuel-Efficient Cars....good luck.

    March 6, 2012 10:38 am at 10:38 am |