The best writing on mortgage
When the real estate market began to decline and the credit crisis set in, many consumers, banks and investors found themselves struggling. Only a month into his new office, President Obama has made it clear that any plan to help stimulate the economy will include help to boost the ailing real estate sector. The second week of February, Secretary of Treasury Tim Geithner announced that $50 billion of the stimulus bill would be dedicated to reducing home mortgage foreclosures. As the country anxiously awaits the specifics of the stimulus package, things such as incentives for banks to lower home mortgage bills are being discussed. President Obama said he aims to help those struggling before they reach foreclosure.