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In latest speech, Obama continues struggle with Republicans for easier mortgage refinancings
President Barack Obama provided more details on his plan to alleviate distressed homeowners in hopes of igniting the economy during a speech in Virginia yesterday, BusinessWeek reported. As first proposed in his State of the Union address, Obama wants to make it easier for underwater homeowners to refinance their mortgages with low-interest, Federal Housing Administration-backed loans. To fund the plan, he is seeking congressional approval to tax large financial institutions, a measure Congress has twice [more]...
Published: http://therealdeal.com/newyork/ - Category: Eastern Seaboard News - Thursday, 2 February
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