Obama expands mortgage aid program to aid homeowners
The Obama administration broadened a 50 billion mortgage aid plan with measures to help homeowners avoid foreclosure and streamline transfers when a home is worth less than the mortgage. Moody's Economy.com projects payments reducing from about 2300 to 1275 per month. a three month trial runs to mid June.
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Guy Cecala
Inside Mortgage Finance
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House plan would require health coverage for all
House Democrats draft a universal health coverage plan with employer contributions, subsidies for families under 88 000 dollars, and new government duties to regulate insurers. President Obama seeks a cost controlling, affordable system with guaranteed plan choice and access, while Congress irons out details ahead of a July 31 deadline.
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Barack Obama
U.S
Obama
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Associated Press
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House Energy and Commerce Committee
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