President Obama’s plan to trim the rising pile of home foreclosures contains a comprehensive list of new ideas and old ones — an acknowledgment that there is no single solution to the housing crisis at the heart of the recession. The plan applies $75 billion from the taxpayer-funded financial rescue package to help lenders lower borrowers' monthly payments and reach the administration's goal of keeping up to 9 million families in their homes.
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Friday, February 20, 2009
No ‘magic bullet’ in Obama housing relief plan
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