Obama Administration Launches Housing Plan

By: Associated Press
By: Associated Press

The Obama administration is releasing details about its new programs aimed at helping millions of borrowers stay in their homes.

They include the "Making Home Affordable" initiative, which could help as many as four million borrowers modify their loans.

The program applies to loans made Jan. 1, 2009 or earlier.

To help borrowers determine if they are eligible, the government has put answers to common questions and assessment tools on its web site. For more information, just click on the link below.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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