Obama to try executive powers to aid economy
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Obama to try executive powers to aid economy
| Mon, 10-24-2011 - 12:00pm |
Obama to try executive powers to aid economy
With his jobs plan stymied in Congress by Republican opposition, President Obama on Monday will begin a series of executive-branch actions to confront housing, education and other economic problems.
The New York Times
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"According to an administration official, Obama will kick off his new offensive in Las Vegas, a ground zero of the housing bust, by promoting new rules for federally guaranteed mortgages so that more homeowners, including those with little or no equity in their home, can refinance and avert foreclosure."
Note:
"It comes after unanimous votes by Senate Republicans in the past week to block the plan; House Republican leaders have refused to put the measure to a vote."
The article is about what the White House has decided to do to start addressing this issue because Congress can't get their fat heads around the fact that something must be done & 'politics' MUST be put aside for the better of our country.
We actually may be able to refinance now. We tried about 6 months ago. Our credit is good, income is good, make all our payments on time, we aren't under water, but we weren't at 75-80% loan to value on the appraisal either. Actually in a lot better position than many who are upside down.
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