Wednesday, February 1, 2012

Obama seeks to broaden reach of housing assistance (AP)

 

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower.  (AP Photo/Cliff Owen)AP - Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.

Obama seeks to broaden reach of housing assistance (AP)
Wed, 01 Feb 2012 22:03:06 GMT

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