Print
EmailObama administration changes position on foreclosures
Last year, the Obama administration was committed to mitigating the wave of foreclosures. Now, CNNMoney reports that officials are highlighting the need for foreclosures.
Phyllis Caldwell, head of the Homeownership Preservation Office, told a congressional panel last week that “an important part of ensuring longer-term stability in the market is to enable properties to be resold to families who can afford to purchase them."
In February 2009, Obama introduced an initiative to reduce distressed borrowers’ payments to 31% of their pre-tax income.
More like this
- Obama administration releases proposal to phase out Fannie and Freddie
- Obama Administration Seeks Public Input on Reform of Housing Finance System
- Obama’s mortgage-market reform plan calls for winding down Fannie Mae, Freddie Mac
- Obama to Veto Foreclosure Bill
- Obama administration to detail housing plan today
Comments on: "Obama administration changes position on foreclosures"
RELATED ARTICLES
Sustained KBI score reflects continued optimism heading into summer.
The American Architectural Manufacturers Association (AAMA) announced the release of an interim procedural guide that will provide a documented, optional process to extend...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
