5 Facts About the Obama Homeowner Stimulus Plan

A rundown of the Homeowner Affordability and Stability Plan announced yesterday.

By U.S. News Staff

February 19, 2009 RSS Feed Print
  1. Aims to allow 4 million to 5 million homeowners to refinance mortgages
  2. Establishes $75 billion fund to reduce homeowners' monthly mortgage payments
  3. Sets $6,000 estimate for highest average resulting increase in housing value
  4. Provides $1.5 billion in assistance for renters displaced by foreclosure
  5. Gives Fannie Mae and Freddie Mac a $50 billion increase in allowable mortgage-backed securities

Read more Five Things.

Sources: U.S. Treasury, MarketWatch

Tags:
foreclosures,
Obama administration,
economic stimulus,
economy,
housing market

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I bought a home in November, I qualified for the stimulus for first time home buyer, And I still have not heard anything anything. I have filed my taxes allready, and now it will cost me to file an amended form. Is anybody out there know how long it takes?

Jeffrey reinhard of MI 7:16PM March 02, 2010

it's a very slow process; just waiting and waiting until balance accumulates. please help explain why.

natividad of HI 4:48PM February 12, 2010

i have a mortgage with wells fargo.i apply for a loan modifiaction back in april even though im not behind in my morgage its very tight. it toke them all this time to tell me i dont quilify.so i got a obama stimus flier in the mail and i got accepted to lower my interest rate and save 200 a monthy.is this stimus plan real it seems to good to be true

linda mills of NJ 9:13PM December 03, 2009

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