A fact sheet on the latest Obama housing plan

Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

A fact sheet on the latest Obama housing plan

Posted by: Jim Buchta under Foreclosures Updated: March 6, 2012 - 2:11 PM

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Details are emerging about the latest While House plan to help struggling homeowners. This afternoon Pres. Obama said that the hopes to help three to five million homeowners, including a plan to reduce fees on FHA refinancings, and by offering veterans and folks in the miltary some assistance if they sold their homes at a loss, or lost equity through a foreclosure. The program is smaller in scope than previous housing plans, but is being hailed by some, including local blogger mortgage lender, Alex Stenback, as an effort that "makes sense," according to Stenback.

Here are more details direct from the Department of Housing and Urban Development:

huddoc