NeighborWorks America applauds President Obama, the U.S. Department of Treasury, and the U.S. Department of Housing and Urban Development on the announcement of the Homeowner Affordability and Stability Plan. The plan is an important step that gets ahead of future foreclosures by creating a way for borrowers facing imminent financial stress to get help, as outlined by several efforts that will help between seven to nine million families around the country avoid foreclosure and sustain homeownership. Read press release.
Factsheets, frequently asked questions and other information at financialstability.gov.
NeighborWorks Summary of President Obama's Homeowner Affordability and Stability Plan.
NeighborWorks CEO Ken Wade quoted in CNNMoney article, Housing Fix Will Help Many, but Not All.