President Barack Obama unveiled plans Wednesday to help up to 5 million homeowners restructure or refinance their mortgages to avoid foreclosure. The plan would eliminate a key restriction that previously prevented homeowners who owe more than 80% of the value of their homes from refinancing.
Obama Unveils Plan to Prevent Foreclosures
President Barack Obama unveiled plans Wednesday to help up to 5 million homeowners restructure or refinance their mortgages to avoid foreclosure. The plan would eliminate a key restriction that previously prevented homeowners who owe more than 80% of the value of their homes from refinancing. Read the entire article in the San Antonio Business Journal