Obama Promotes Homeowner Plan to Eliminate ’Drag’
Obama said in his weekly radio and Internet address that the housing crisis has been “the biggest drag on our recovery from the recession.” He said his proposal, outlined earlier this week, would let homeowners who are current on their payments save $3,000 per year through refinancing into lower- interest loans guaranteed by the Federal Housing Administration.
“The catch,” Obama said, is that his plan needs approval by Congress. “And as anyone who has followed the news in the last six months can tell you, getting Congress to do anything these days is not an easy job.”
http://www.bloomberg.com/news/2012-02-04/obama-promotes-homeowner-plan-to-eliminate-u-s-s-biggest-drag-.html
Do you think it will happen?
= new reply since forum marked as read
not mad at you and should not have thrown all in with repukes. Just been thinking a lot lately on how everything is rigged for their party members to survive and ours not to.
So sorry. I hope the plan does help you out, I just think they should exclude people like us. We have income. We want to keep the house, at least til market climbs to sell at a non deficit. There is no reason that they would not want to redo my loan out to 30 years making it a lower payment for us, and a bigger total take for themselves. They used to beg us to refinance in this way.
Now I think they want us to fail. They have bet against the homeowners and will get money if we fail. Then they will auction my house back to themselves at an even below current market value and make me pay the difference so that now I will be making a house payment on a house that they took.
I just think his plan should help those of us willing to keep the house, and not likely to fail on a lower monthly plan too.
It's been a redistribution of wealth plan from the beginning. Redistributing from the lower and middle class, back to the 1%. I think more and more everyday that the whole thing was planned this way. They caused our houses to not be able to be sold for profit. Then come in and sweep them all back up.
Anyway, again sorry to have offended. Just disapointed in that plan. Hope it helps you and others out. I just wished it went further.
I think that maybe the idea was that in the past people who have had financial problems were supposed to be helped with the last thing that didn't help and now on to the next idea.
I'm sad that we both won't get help on this go round (Hell, I don't know if I'll get help on this go round!) but I do think that things are sort of looking up...I hope Israel doesn't bomb Iran, we stay home and work on our problems and you get the money you need to make your life as wonderful as it can be in the best of all worlds. right back! 
