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