Latest
News
Updated:
March 22, 2009
White House Launches Site to Help Strapped Homeowners
Micheal M. Phillips and Ruth Simon
March 5, 2009
Excerpt:
The Obama administration announced details of a housing-rescue plan it said would help as many as one in nine homeowners, from low-income Americans struggling to avoid foreclosure to well-off borrowers who owe more than their homes are worth.
The announcement came two weeks after President Barack Obama said he would spend $75 billion on the housing component of an emergency economic plan that includes a financial-system bailout and a $787 billion spending-and-tax-cut package.
