11/05/2021

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Freddie Mac President Obama launched the home affordable plan in February of 2009 it is launched with the main purpose of helping financially struggling homeowners prevent foreclosure and give the slumped real estate market on improvement to stabilize. President Obama launched the home affordable plan in February of 2009 it is launched with the main purpose of helping financially struggling homeowners prevent foreclosure and give the slumped real estate market on improvement to stabilize. The home affordable modification plan has again been improved after a year in process. President Obama launched the home affordable plan in February of 2009 it is launched with the main purpose of helping financially struggling homeowners prevent foreclosure and give the slumped real estate market on improvement to stabilize. The home affordable modification plan has again been improved after a year in process. The homeowners affordability and stability plan is a U.S. program of seventy-five billion dollars to give financial aid for up to nine million homeowners. This what revamped by two hundred billion more finance for Fannie Mae and Freddie Mac to buy and easily refinance mortgages limping. It uses the Obama loan modification requirements and incentives for lenders to reduce homeowner monthly payments to 31 percent of their large monthly income. A lender would be at first liable for decreasing total monthly mortgage payments equal to or less than 38 percent of borrower income, the government program would then give the money to further reduce the payment to 31 percent. So includes plan the forgiving...

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