BACK > Thu 02 02 2012, Obama presses Congress to step up aid for homeowners (Reuters) > ARCHIVE

Obama presses Congress to step up aid for homeowners (Reuters)

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower.  (AP Photo/Cliff Owen)Reuters - President Barack Obama on Wednesday proposed a multi-billion-dollar package to help U.S. homeowners refinance and stave off foreclosure, part of an election-year push that is likely to face an uphill battle by the Republican opposition in Congress.


READ ENTIRE ARTICLE