Some Homeowners Livid about Mortgage Bailout Plan
On Feb. 23, 2009, Jason Hidalgo of the Reno Gazette-Journal reported that some homeowners decried Pres. Obama's $75 billion plan to rescue those in danger of foreclosure. One homeowner said, "They're rewarding people who are living in homes they shouldn't be living in. ... All I want is the same rate that these people are going to get when they fall behind and their loans get modified." | For the complete report at RGJ.com, Click Here>

New Ideas for Helping Homeowners in Debt
On Feb. 22, 2009, Edmund Andrews and Louis Uchitelle of The New York Times.com wrote: "Washington is being forced to explore new ideas, among them the idea of a federal mortgage guarantee for troubled borrowers. And policy makers are listening to proposals from industry and community groups to use government funds to purchase and refinance billions of dollars in mortgages now in danger of default." | For the complete article posted on NYTimes.com, Click Here>

Housing Rescue Plan Called Unfair by Some
On Feb. 21, CapeCodTimes.com posted an AP report that explored why some struggling American homeowners are calling Pres. Obama's latest plan to help those who are falling behind on their mortgage payments unfair. While critics say "the Obama administration's latest housing rescue rewards people who bought homes they couldn't afford. Others counter that the taxpayer-financed plan will slow spiraling home prices and avert a deeper economic decline." | For the complete story, Click Here>

Analyzing the Homeowners' Rescue Plan
On Feb. 20, 2009, Eileen Appelbaum wrote in The American Prospect: "Of the 52 million U.S. homeowners with a mortgage, more than a quarter -- nearly 14 million -- are underwater. They owe more on their mortgage than their home is worth. The Homeowner Affordability and Stability Plan, announced by President Barack Obama on Feb. 18 is intended to help some of these families stay in their home." She went on to explain that although it's a mixed bag, the move is in the right direction. | For the complete commentary, Click Here>

Some Say the Mortgage Rescue Plan is $275 Billion
On Feb. 19, AFP, a newswire, reported that in addition to Pres. Obama's announced $75 billion plan to help homeowners in trouble of losing their homes, "the government will also put up an additional 200 billion dollars to bolster efforts by federal lenders Freddie Mac and Fannie Mae to offer affordable mortgages and bring stability to the housing market." | For the complete AFP report, Click Here>

Is Obama's Mortgage Rescue Plan Fair?
On Feb. 19, 2009, Stephanie Armour of USA Today posted a report that stated all homeowners are not pleased with the effort to limit the number of foreclosures, and "they worry that the plan amounts to a handout to homeowners who stretched to afford more than they could, and that it isn't fair to mortgage holders who make payments on time." | For the complete USAToday.com article, Click Here>

Obama's Speech on the Home Mortgage Crisis
On Feb. 18, 2009, FinancialPost.com published a Reuters transcipt of President Obama's speech to curtail the mortgage crisis. Said Obama: "The American Dream is being tested by a home mortgage crisis that not only threatens the stability of our economy but also the stability of families and neighborhoods. It is a crisis that strikes at the heart of the middle class: the homes in which we invest our savings, build our lives, raise our families, and plant roots in our communities. | For the complete speech, Click Here>

Obama Housing Rescue Plan Pushes Refinancing
On Feb. 18, 2009, Reuters reported that a key element of Pres. Obama's newly announced aid to homeowners in trouble includes the enabling of refinancing for four to five million mortgage for those who have been "responsible." | For the complete report, Click Here>

Obama Throws $75 Billion Lifeline to Homeowners
On Feb. 18, 2009, Mark Smith and Alan Zibel of AP reported that Pres. Obama threw a $75 billion lifeline to prevent up to nine million American homeowners from falling into foreclosure and to stabilize the housing market. | For the complete article posted on Yahoo.com, Click Here>